…As Company Recovery Continues
The New Piper employees voted to join the International Association of Machinists and Aerospace Workers in October 2003, after New Piper cut wages by 6 percent. They’ve been waiting for a contract ever since. “The [union] doesn’t seem to appreciate what we’re really up against,” Piper President Chuck Suma said in a statement. “This isn’t about being stingy with company money … This is about working to make Piper a company that will survive.” New Piper delivered 37 aircraft in the first quarter of 2005, with billings of about $21 million, according to the General Aviation Manufacturers Association. That was down from 53 aircraft shipped in the same period a year earlier. But there may be very natural reasons for that.
The New Piper employees voted to join the International Association of Machinists and Aerospace Workers in October 2003, after New Piper cut wages by 6 percent. They've been waiting for a contract ever since. "The [union] doesn't seem to appreciate what we're really up against," Piper President Chuck Suma said in a statement. "This isn't about being stingy with company money ... This is about working to make Piper a company that will survive." New Piper delivered 37 aircraft in the first quarter of 2005, with billings of about $21 million, according to the General Aviation Manufacturers Association. That was down from 53 aircraft shipped in the same period a year earlier. But there may be very natural reasons for that. The company blamed the drop on delays caused by the hurricanes.
