A few days ago Cessna announced a further 700 job cuts, Hawker Beechcraft laid off 350 and today Piper let 60 employees go.
Wichita and Vero Beach are not great places to be for aircraft workers. I doubt that Wiener Neustadt (Diamond) and Duluth (Cirrus) are faring a great deal better. Those companies supplying the OEMs - Continental, Lycoming, Garmin etc. - will also be feeling the pain.
Things will undoubtedly get better, but no-one is counting on a very quick recovery.
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