Feeds

Kodak culls 10,000 more jobs

Not a pretty picture

  • alert
  • submit to reddit

Reducing security risks from open source software

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

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.