Kodak to Cut Up to 10,000 More Jobs

Eastman Kodak Co. said Wednesday it will cut as many as 10,000 jobs in addition to the 15,000 already announced as the photographic products company announced it swung to a loss in the second quarter from a year-ago profit.

Eastman Kodak's quarterly loss totaled $146 million, or 51 cents per share, compared with earnings of $136 million, or 46 cents per share, a year ago. Revenue grew 6 percent to $3.69 billion from $3.46 billion last year.

Source: Newsday


Posted: Wed - July 20, 2005 at 08:44 AM