News
Kodak announces further job cuts
Kodak recently posted a 2nd quarter loss followed by an announcement to
increase the planned 12,000 to 15,000 job cuts by another 10,000. This means
approximately 22,000 to 25,000 Kodak employees (mostly from the manufacturing
division) will lose their jobs by the middle of 2007. Antonio Perez, Kodak’s
president and CEO has been quoted as saying "In 24 months, as a result
of the actions announced today, we will … essentially complete the transition
to our digital business model". Ouch – my heart goes out to the
thousands of hard working employees who are sacrificed in this transition.
Posted in: News, Photographers, Stock Art Buyers, Stock Photo Companies
