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February 11, 2009

Layoffs Are Simple Economics

File Size 4.5 MB / Running Time 4:51

By Russ Niles, Editor-in-Chief

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Piper laid off a third of its work force on Tuesday and reduced its forecast production for the year to just 110 aircraft. AVweb's Russ Niles spoke with Piper's Chief Corporate Spokesman Mark Miller about the harsh economic realities facing planemakers.

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