Eastman Kodak will cut 3,000 jobs
Published: Fri, Feb. 09, 2007 12:00AM
Modified Fri, Feb. 09, 2007 03:04AM
E-Mail
Print
tool name
closeNEW YORK -- Eastman Kodak said it is cutting 3,000 jobs this year as the picture-taking pioneer wraps up its wrenching transformation into a digital-imaging company focused on consumer photography and commercial printing.
By year-end, its work force will slip below 30,000, less than half what it was just three years ago.
On top of 27,000 layoffs already targeted, Kodak said it is reducing its payroll even further to accommodate the $2.35 billion sale in January of its health-imaging unit and its costly foray this week into a high-margin ink-jet printer market.
More Business
"The dream was that we would wake up in 2008 with the digital company that we want to have. We're still right on that track," chief executive Antonio Perez said. "We will finish this year. This is done. ... This is the last year of restructuring."
All rights reserved. This copyrighted material may not be published, broadcast or redistributed in any manner.
Get it all with convenient home delivery of The News & Observer.
The News & Observer is pleased to be able to offer its users the opportunity to make comments and hold conversations online. However, the interactive nature of the internet makes it impracticable for our staff to monitor each and every posting.
Since The News & Observer does not control user submitted statements, we cannot promise that readers will not occasionally find offensive or inaccurate comments posted on our website. In addition, we remind anyone interested in making an online comment that responsibility for statements posted lies with the person submitting the comment, not The News and Observer.
If you find a comment offensive, clicking on the exclamation icon will flag the comment for review by the administrators, we are counting on the good judgment of all our readers to help us.
