All's Quiet at Continental's Production Line This Week

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.