Vero Beach, Fla.-based Piper Aircraft confirmed that it laid off 150 employees, company CEO Jim Bass told Indian River County commissioners at a general meeting yesterday. Further, Bass said Piper could cut more personnel “if it gets worse,” adding that the manufacturer could reduce its production output by up to 40 percent this year due to the slowdown in sales of general aviation aircraft.
Indian River County, Florida
Piper Aircraft has until June 30 to decide whether it will remain in Vero Beach, Fla. An April 28 Indian River County budget resolution approved $12 million to keep Piper Aircraft at its present headquarters, and the state of Florida added another $20 million.
Piper Aircraft yesterday afternoon made it official that the aircraft manufacturer is staying put in Vero Beach, Fla., following a two-year site-selection process that pitted Vero against Albuquerque, N.M., and Oklahoma City. Piper president and CEO James Bass and Florida Gov. Charlie Crist jointly made the announcement before the company’s 1,200 workers, who enthusiastically cheered the decision to stay in Indian River County.
An April 28 Indian River County budget resolution approved $12 million to keep Piper Aircraft at its headquarters in Vero Beach, Fla., and the state of Florida added another $20 million.