Feeds

Kodak culls 10,000 more jobs

Not a pretty picture

  • alert
  • submit to reddit

Protecting users from Firesheep and other Sidejacking attacks with SSL

Kodak is axing a further 10,000 workers as it continues to refocus its business to cope in the digital world.

The job cuts announced today are on top of the 15,000 job cuts announced in January 2004 when the company announced its original restructuring plans.

The camera company blamed a "faster-than-expected decline in consumer film sales" and consumers' shift in demand for digital cameras for the job losses.

All the jobs cuts - expected to total between 22,500 and 25,000 - are due to be completed by the middle of 2007.

"As sales of our traditional consumer products and services decline faster than anticipated, we are moving more aggressively to reduce cost," said Antonio Perez, chief exec of Eastman Kodak Company.

Despite the decline he said the firms digital business "continues to make significant progress growing the sales and earnings".

Publishing Q2 results today Kodak racked up losses of $146m against revenues of $3.7bn. ®

Related stories

Kodak axes 180 UK jobs
Kodak lets Carp loose, hooks new CEO
Digital camera market 'running out of steam'
Digital camera sales slow
O2 and Kodak team for online piccies
Digital cameras redesign the photographic process
Kodak blames digital cameras for jobs cull

Choosing a cloud hosting partner with confidence

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.