Eastman Kodak Co. retirees are likely to soon become part of a big and growing club they have no interest in joining. A federal bankruptcy court judge in Manhattan on Monday is to hear arguments about Kodak’s plan to eliminate an array of post-retirement benefits. It’s a hearing that was put off one week because … Continue reading
Bankrupt photography pioneer Eastman Kodak Co. is losing more executives and plans to cut an additional 1,000 jobs by the end of the year as it shrinks into a commercial printing-focused company. The latest job cuts follow the reduction of about 2,700 employees globally this year, the Rochester, New York-based company said Monday in a … Continue reading
As bankrupt Eastman Kodak Co. looks to eliminate costs, one expense being cut particularly severely is workers. In the 15 weeks since Kodak filed for Chapter 11 bankruptcy protection on Jan. 19, the printing and imaging company has notified the state Labor Department six separate times of layoffs to its Rochester-area workforce. The most recent … Continue reading
Ninety-one Kodak employees will be laid off as part of the company’s decision to no longer make digital cameras for consumers. via Layoffs at Kodak start today – Henrietta, NY – Henrietta Post. ______________________________________________________ Eastman Kodak, the troubled camera maker that recently filed for bankruptcy, is considering a move that will cut health benefits for … Continue reading