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Kodak to Cut Up to 3000 More Jobs

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ROCHESTER, N.Y., Feb. 8, 2007 -- In a bid to complete its transition from traditional film to digital photography in 2007, Eastman Kodak Co. will cut up to 3000 more jobs, the company announced today at a meeting with investors in New York. The move means the company will have shed approximately 30,000 workers over the past four years. A January 2004 plan to cut 15,000 jobs worldwide became a decision in October 2005 to cut 25,000 jobs and close one-third of its facilities by mid-2007. (See "Kodak Loses $1B; Plans More Job Cuts"). Then, in August 2006, the company upped that number to as many as 27,000 workers, at a...Read full article

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    Published: February 2007
    Glossary
    digital
    Denoting the use of binary notation; i.e., the representation of data by bits (1 or 0).
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    digitalEastman KodakeliminatingEmploymentfilmHealth Groupinkjetjob cutsKodakNews & Featuresphotographyphotonicsphotoswork force

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