As It Retools, Kodak Plans More LayoffsEastman
Kodak said yesterday that it would lay off up to 10,000 people over
the next two years as it tried to speed its transition to digital photography
from film, a business that the company pioneered and dominated for
decades.
The layoffs will be in addition to the 15,000 job cuts
announced in 2004 and come as Kodak posted its third consecutive quarterly loss.
Shares closed down 64 cents, to $28.10.
Posted: Wed - July 20, 2005 at 11:32 PM WIR NewsStream by Piranha Daily News The Stream Previous Next |
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Total entries in this blog: 1561
Total entries in this category: 1561 Published On: Sep 13, 2005 07:22 PM |