Summa Industries has closed four manufacturing locations in California and Illinois and cut employment to 808, down from 988 on Aug. 31.
"I think we have done the right things quickly and, by and large, done a good job" of consolidating, James Swartwout, chairman and chief executive officer, said in a telephone interview.
Swartwout sensed unsettled economic conditions in August and September, developed retrenchment plans and began implementation in the wake of a major December slowdown in business.
"No further plant closings or reductions" are projected, he said.
Torrance, Calif.-based Summa reported same-business-unit sales were down 11 percent for the quarter ended Feb. 28 vs. the previous fiscal year's comparable quarter.
Two plants in Southern California have closed, and the operations — in City of Industry and Ontario — moved to Summa's Plastic Specialties Inc. unit in Olive Branch, Miss. That plant makes thermoplastic lenses for the lighting industry.
Thirty jobs were cut in City of Industry in February, and 40 at the Ontario extrusion plant.
Summa's largest remaining California operations are located in Ontario, Corona and Rancho Cordova.
In Illinois, operations at a Broadview plant were moved about 10 miles to a Bensenville facility in February. Both sites mold plastic coil forms, or bobbins, for magnetic devices. Summa sold the Broadview plant.
Separately, Summa closed the Rancho Cucamonga, Calif., facility of Yarbrough-Timco and moved that bobbin work to Bensenville at the end of December. Four jobs were cut.