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Kodak reorganizes, sheds more jobs

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Eastman Kodak Co. of Rochester, N.Y., will cut another 1000 jobs by year’s end as the imaging company continues to restructure under Chapter 11 bankruptcy. The company has cut 2700 employees since the beginning of 2012. “Kodak is becoming a more focused and competitively scaled company,” said chairman and CEO Antonio M. Perez. “We recognize that we must significantly and expeditiously reduce our current cost structure.” Under a new management framework, Philip J. Faraci – company president and COO since 2007 – and CFO Antoinette P. McCorvey...Read full article

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    Published: November 2012
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