Kodak to cut 1,000 more jobs to save $330 million

The ailing Eastman Kodak will be required to cut more jobs, the company said today in a statement.

By the end of the year, Kodak expects to reduce its workforce by 1,000 more employees, saving the company about $330 million in salary and benefits. Kodak has already laid off 2,700 employees from its workforce since the beginning of this year.

"We recognize that we must significantly and expeditiously reduce our current cost structure, which is designed for a much larger, more diversified set of businesses," Kodak chairman and CEO Antonio Perez said today in a statement.

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Kodak didn't necessarily leave out the poss... [Read more]



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