It looks like the situation at Teledyne Controls is getting worse by the day, Boeing announced that they will be pushing off delivery of two of their products by a year and there is further speculation that they may just cancel the two program altogether. These two programs are critical for Teledyne Controls.
The general manager at Controls is significantly lacking in the ability to successfully lead this company except in the best of times. He keeps putting people in charge of programs that have a history of failure and not just of some of the programs they managed but all of them yet this person keeps getting promoted. He has no leadership skills whatsoever and there is no accountability or consequences when managers fail. This company is like a third world country and has no business being around with their antiquated and archaic methodologies.
There is further speculation that there will be significant layoffs in early 2009 and this was before the Boeing plans to push out/or possibly cancel their projects.
It is obvious that they are having significant cash problems because they are doing things to the employees such as taking 5 to 6 months to reimburse for travel, forcing them to take extra time off during the holidays.
There is a real problem with management and one of the significant problems is that they do not know the steps to develop systems both electronic development and software development and they don't seem to care. They also have a very bad reputation with customers, they can't perform to schedules and there products don't work to customer satisfaction and they don't care to about the customer whatsoever.