Subscribe free to our newsletters via your
. 24/7 Space News .




TECH SPACE
Kodak to cut more jobs in bankruptcy plan
by Staff Writers
New York (AFP) Sept 10, 2012


US photography pioneer Eastman Kodak said Monday it would cut 1,000 more jobs by the end of this year as it restructures in an effort to emerge from bankruptcy protection.

Kodak, which filed for bankruptcy in January, said it had already eliminated some 2,700 positions worldwide this year but that further efforts are needed.

"Kodak is becoming a more focused and competitively scaled company," chairman and chief executive Antonio Perez said.

"We recognize that we must significantly and expeditiously reduce our current cost structure, which is designed for a much larger, more diversified set of businesses."

Perez said that under the new structure, "we are confident that we will move Kodak forward to conclude the Chapter 11 (bankruptcy) process and position the Kodak that emerges as a growing, sustainable, profitable company that continues to meet the needs of our customers."

Kodak said it expects to save some $330 million in operating costs from the job cuts.

Perez said Kodak will be organizing into three units, including the consumer film business which is up for sale.

Kodak intends to focus on its digital printing and enterprise unit and another segment including graphics, entertainment and commercial films.

As part of its reorganization, Kodak said some senior executives will be leaving including president Philip Faraci and chief financial officer Antoinette McCorvey.

The Rochester, New York-based company, started in 1892, led the way in popularizing the cameras, film, slide projectors and home videos that preserved the memories of generations of Americans and others around the world.

At its height in the 1980s, it had 145,000 workers. But it has struggled in the age of digital cameras, and years of poor performance had already forced it to lay off thousands and close 13 manufacturing plants and some 130 processing labs since 2003.

The company pioneered research into digital photography beginning in the mid-1970s. But it was Asian manufacturers that stole a march in that market in the 1990s as Kodak failed to see the need to break from its old business lines.

.


Related Links
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TECH SPACE
Zuckerberg eyes mobile after Facebook IPO flop
San Francisco (AFP) Sept 11, 2012
Facebook founder Mark Zuckerberg said Tuesday he was steering the social network giant to focus more on mobile, saying it would help ease concerns after a "disappointing" stock market debut. "The performance of the stock has obviously been disappointing," Zuckerberg said during an on-stage interview at a TechCrunch Disrupt conference in San Francisco. Facebook has made a priority of foll ... read more


TECH SPACE
NASA's GRAIL Moon Twins Begin Extended Mission Science

Flags at half mast across US for Armstrong funeral

Walls of Lunar Crater May Hold Patchy Ice, LRO Radar Finds

Russia's moonshot hope 'not a dream'

TECH SPACE
Indian PM defends spending on space exploration

Hadley Crater - closing in on the Martian interior

Northrop Grumman Aids Navigation of NASA's Curiosity Mars Rover

Mars's dramatic climate variations are driven by the Sun

TECH SPACE
Mankind's messenger at the final frontier

35 years on, Voyager 'dancing on edge' of outer space

Space-age food served up with seeds of success

Africa eyes joint space agency

TECH SPACE
Tiangong Orbit Change Signals Likely Date for Shenzhou 10

China Focus: Timeline for China's space research revealed

China eyes next lunar landing as US scales back

China unveils ambitious space projects

TECH SPACE
Astronauts Take Second Spacewalk

ISS crew complete space station repair

Crew Wraps Up Preparations for Wednesday's Spacewalk

Building MLM Under Way at Khrunichev

TECH SPACE
Arianespace concurrently manages six missions with Ariane 5 and Soyuz

First-Stage Fuel Loaded; Launch Weather Forecast Improves

NASA launches mission to explore radiation belts

ISRO to score 100 with a cooperative mission Sep 9

TECH SPACE
Birth of a planet

A Hot Potential Habitable Exoplanet around Gliese 163

NASA's Kepler Discovers Multiple Planets Orbiting a Pair of Stars

How Old are the First Planets?

TECH SPACE
World watches for 'iPhone 5' unveiling Wednesday

Airborne observatory and electronic noses - DLR presents new space developments at ILA

Estonian first graders to learn computer code

Tough gel stretches to 21 times its length, recoils, and heals itself




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement