In response to reduced demand for its aircraft engines, Teledyne Continental Motors has shut down its production line for this week. TCM will make other cost-cutting adjustments in the coming months. Sales, shipping and customer-support personnel remain on the job during the shutdown. Further cuts will involve four-day work weeks for salaried personnel starting with the return to work next week; and week-long breaks for the Thanksgiving and Christmas holidays. Another production shutdown is scheduled for Jan. 4-9 next year. Part of the low-demand business strategy at TCM includes rebuilding its backlog of engines and parts “to a level that supports efficient factory operations,” according to the company.
All’s Quiet at Continental’s Production Line This Week
Key Takeaways:
- Teledyne Continental Motors (TCM) has temporarily shut down its aircraft engine production line this week due to reduced demand.
- The company is implementing further cost-cutting measures, including four-day work weeks for salaried personnel and additional production shutdowns for upcoming holidays and in January.
- Sales, shipping, and customer support staff remain active, and TCM's strategy includes rebuilding its backlog of engines and parts to support efficient factory operations.
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