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Kodak to cut up to 15 thousand jobs to shift to digital
Kodak will slash 12 000 to 15 000 jobs over three years as it pivots from film to digital photography. The move aims to reduce staff toward World War II era levels while pursuing a three year plan after reporting a fourth quarter profit of 19 million dollars. Analyst comments note intensified competition in a digitizing market and Kodak’s challenge to catch up with rivals like Fuji.
MENTIONED IN THIS ARTICLE
Kodak
Folio
Dan Carp
Wall Street
U.S
Fuji