Monday, September 10, 2012

Reuters: Technology News: Eastman Kodak to cut 1,000 more jobs

Reuters: Technology News
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Eastman Kodak to cut 1,000 more jobs
Sep 10th 2012, 13:29

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A Kodak film dispenser is seen in a photo store in London January 19, 2012. REUTERS/Stefan Wermuth

A Kodak film dispenser is seen in a photo store in London January 19, 2012.

Credit: Reuters/Stefan Wermuth

Mon Sep 10, 2012 8:58am EDT

(Reuters) - Bankrupt Eastman Kodak Company said it will cut an additional 1,000 jobs by the end of 2012, and is looking at further cuts.

The company said it expects to save about $330 million from the new job cuts.

The company said it has already reduced its workforce by about 2,700 employees worldwide since the beginning of 2012.

Kodak went bankrupt in January, unable to adapt to the shift to digital imaging.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Saumyadeb Chakrabarty)

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