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Kodak Global Imaging Closes Citipix

Photonics.com
Nov 2002
ROCHESTER, N.Y., Nov. 13 -- Eastman Kodak Co. has announced it will close its Citipix business -- which provides aerial imagery to the geographic information systems community -- eliminating 140 jobs at the Quebec-based unit of Kodak Global Imaging Inc., a wholly owned subsidiary of Kodak.

The closing follows Kodak's announcement last month of cost reductions, beginning in the fourth quarter of 2002 and in 2003, that will cut 1,300 to 1,700 jobs globally.

Kodak said the Citipix business "was impacted severely by dramatic spending decreases in the markets it served for these products, primarily telecommunications and utilities, along with the global economic downturn."

The business stopped taking orders yesterday but said it will fulfill existing orders. Kodak said the closing will not affect its other businesses, including the aerial and industrial imaging businesses.

GlobeXplorer, a separate company that distributes interactive aerial and satellite photos via the Internet, will continue to support existing Citipix Online Service customers, Kodak said.

For more information, visit: http://www.kodak.com/



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