Eastman Kodak axes 870 jobs in Britain, France
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LONDON : Eastman Kodak said it would axe 870 job cuts across Britain and France as part of a global cull blamed on the increasing popularity of digital photography.
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EASTMAN Kodak is in line for a $1.06bn (Â£580m) payout after winning a controversial patent lawsuit against Sun Microsystems. A jury has ruled that Sun&#39;s Java software infringes several software patents that Eastman Kodak bought in 1997.
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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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Eastman Kodak Co.  on Tuesday  said Frank Sklarsky, chief financial officer of ConAgra Inc.  , will take the same post at Kodak, succeeding Bob  Brust, who announced early in the year his intention to retire  by January 2007.
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The digital camera market has turned into a dead heat, with Kodak virtually tied for the top spot with perennial sales leader Sony, according to an IDC report.
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The business in which Kodak made its name, film processing and conventional photography, is in decline.
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Eastman  Kodak Co. announced on Tuesday that it would restructure several plants based in Britain and France, resulting in the loss of hundreds of jobs by 2005.
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Japan's Fujifilm Holdings Corp said on  Wednesday it plans to shift its remaining digital camera  production to China and cut an unspecified number of jobs as it  restructures its struggling camera operations.
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Eastman Kodak Co. is shutting three photofinishing labs in Spain and Norway, shrinking a fourth lab in Switzerland and eliminating about 300 jobs as the world's biggest film manufacturer bets its future on digital photography.
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(InfoWorld) - As part of a four-year turnaround plan, Eastman KodakÂ expects to cut 5,000 to 7,000 jobs by the end of 2007 in an effort to reduce its administrative overhead and boost profits from digital photography instead of standard film, the company told investors Thursday. Kodak leaders had already cut 1,200 jobs during the fourth quarter of 2006, bringing the total jobs lost to 23,400 since the company first announced its restructuring plan in January 2004. By the end of this year, that total could reach 30,000, nearly half of the company's size in 2003. The company has already cut excess jobs from its manufacturing division, and will trim the remaining jobs from its selling, general and administrative unit, Kodak Chief Financial Officer Frank Sklarsky said in a release. The move will reduce administrative overhead from Kodak's current level of 18 percent of revenue to just 14 percent to 15 percent. The company has also slashed costs by announcing Jan. 10 it would sell its 8,100-person medical imaging and health-care IT division to the Canadian firm OnexÂ for $2.55 billion. That deal is expected to close in the first half of 2007. On the revenue side of its books, Kodak hopes to boost income through new products like its consumer inkjet printers, image sensors and picture kiosks, said CEO Antonio Perez. The company will also draw $250 million in revenue by licensing its intellectual-property patents this year, he said. KodakÂ introduced a line of inkjet printersÂ this week to compete with Hewlett-Packard and Xerox. Kodak will target consumers and home-office users by selling replacement ink cartridges at about half the price of its competitors -- just $9.99 for black ink and $14.99 for five-color ink. Likewise, Kodak will sell a range of printers priced below $200. Also on Thursday, Kodak announced it would partner with MozillaÂ to improve Kodak's online photo gallery by allowing users to access it from Mozilla's Firefox Web browser. The companies hope to generate more income from the 83 million U.S. users who are predicted to upload, share and print their photographs by 2010. Users can now download the new tool. Â
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Eastman Kodak, the world&#39;s largest photographic company, announced it was cutting 600 jobs in the UK and 270 in France yesterday, as it pressed on with its strategic refocus, brought on by the
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Eastman Kodak Co., the world's  top maker of photographic film, on Wednesday posted a quarterly  profit as lower costs and strength in its kiosk business helped  overcome a 25 percent drop in sales of digital cameras and  accessories.
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Eastman Kodak Co., the world&#39;s largest maker of photographic film, said Thursday that it will close a plant in Coburg, Australia at the end of November, affecting a total of about 600 employees at the plant and associated operations.
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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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Eastman Kodak Co. EK.N on Wednesday  posted a fourth-quarter loss on restructuring costs,  but  strong sales of digital photography products showed its  strategy shift is taking root.
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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.
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Eastman Kodak Co.  said on Thursday it expected to cut up to 3,000 additional jobs and complete a three-year restructuring program by the end of 2007 that it says will help sustain profitability.