As It Retools, Kodak Plans More Layoffs

Eastman 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.

Source: NYTimes


Posted: Wed - July 20, 2005 at 11:32 PM