Kodak Plans to Cut Up to 3,000 More Jobs
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NEW YORK -- Eastman Kodak Co. said Thursday it is cutting as many as 3,000 more jobs as it completes a historic, four-year transformation this fall into a digital-imaging company focused on consumer photography and commercial printing.
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Eastman Kodak Co.  posted a better-than-expected quarterly profit on Wednesday due to lower costs and its photo kiosk business, which offset a 25 percent drop in sales of digital cameras and accessories.
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Eastman Kodak Co. EK.N on Wednesday  posted a preliminary fourth-quarter loss on restructuring  costs, but strong sales of digital photography products, such  as cameras and commercial printing, showed its strategy shift  is taking root.
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Eastman Kodak Co.  said on  Thursday it expected to complete a three-year restructuring  program by the end of 2007, including additional job cuts, that  will help it sustain profitability.
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Cell phone maker Motorola Inc. said Wednesday it will cut another 4,000 jobs as part of a plan aimed at improving sagging financial and operational results.
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Eastman Kodak Co., the world&#39;s biggest photographic company, said it will shed almost 900 jobs in Europe to concentrate on the digital market and cut costs as demand for traditional film products declines.
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- Motorola Inc.  said it expects to cut an additional 4,000 jobs as it continues to lower costs.
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Mobile phone maker had earlier said it would cut 3,500 jobs by June 30 as part restructuring plan to lower costs.
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Eastman Kodak Co. EK.N, the world's  top maker of photographic film, said Wednesday its  third-quarter profit rose, helped by the sale of one of its  businesses and growth in its digital business, but declines in  its traditional film segment held back revenue.
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The rising use of digital cameras results in Kodak deciding to close a photo finishing lab in Glasgow.
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Eastman Kodak Co. EK.N, the world's  top maker of photographic film, on Wednesday said its third  quarter profit rose, boosted by discontinued operations. Sales  were boosted by the weaker dollar and its key growth area of  digital photography.  Rochester, New York-based Kodak, which one year ago announced a  dramatic strategy shift toward digital cameras and printing and  away from film, posted net income of $479 million, or $1.67 a  share, including $1.51 from discontinued operations. A year  earlier its profit was $122 million, or 42 cents a share.     Multimedia versions of Reuters Top News are now available for:   * 3000 Xtra    : visit http://topnews.session.rservices.com  *  BridgeStation: view story .134  For more information on Top  News, visit  http://topnews.reuters.com
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Cell phone maker Motorola Inc. said Wednesday it will cut another 4,000 jobs as part of a plan to improve sagging financial and operational results.
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By BEN DOBBIN    ROCHESTER, N.Y.  -- Eastman Kodak Co...
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LONDON (CBS.MW) -- Eastman Kodak said Tuesday it will cut 870 jobs at its manufacturing sites in the UK and France due to the &quot;increasing popularity of digital photography&quot; and the corresponding decline in traditional film photography.
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Photographic equipment manufacturer Kodak today blamed the rise of digital photography for 600 job losses and a factory closure. Kodak said declining demand for traditional
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Eastman Kodak (EK), which a year ago announced a major restructuring and cost-cutting to shift its old-line business to the digital age, said Wednesday that the strategy is working.
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Eastman Kodak Co. , the world's top maker of photographic film, on Wednesday said its third quarter profit rose, boosted by discontinued operations. Sales were boosted by the weaker dollar and its key growth area of digital photography.