Agfa's German parent bankrupt

About 50 AgfaPhoto workers across Australia and 2900 worldwide are expected to have a clearer picture of their fate today after the German company filed for bankruptcy late last week.

Just seven months since the company was sold for €112 million ($184 million) by its Belgian parent, printing and health-care company Agfa-Gevaert, AgfaPhoto has become the latest victim of the growing switch to digital photography.

Source: Fairfax


Posted: Mon - May 30, 2005 at 10:04 AM