graphic
graphic  
graphic
News > Companies
graphic
Kodak details job cuts
Film and photography company will cut logistics, R&D and plants making one-time cameras, coatings.
November 12, 2002: 9:26 AM EST

NEW YORK (CNN/Money) - Eastman Kodak Co. Tuesday gave details of its previously announced plans to cut up to 1,700 jobs in a cost-cutting effort.

The photography and film company said that about 550 management and staff positions will be reduced in its logistics and manufacturing operations, while another 500 of the job cuts will come at a plant in Rochester, N.Y., that builds one-time-use cameras, and that 300 jobs will come at a Guadalajara, Mexico, plant that applies light-sensitive coatings to graphic arts and X-ray films. In addition, 150 of the job cuts will come from its research and development staff.

The company announced last month that it planned to cut about 1,300-to-1,700 jobs, or about 2 percent of its worldwide staff, and that it would take charges of $130 million-to-$170 million to cover the expense of the job cuts.

Shares of Kodak (EK: Research, Estimates), a component of the Dow Jones industrial average, lost 62 cents to close at $33.48 in trading Monday.  Top of page




  More on NEWS
In this state heirs get your online accounts
General Motors recall: The latest
Argentina has had it with U.S. bond laws
  TODAY'S TOP STORIES
Income is on the rise ... finally!
In this state heirs get your online accounts
Argentina has had it with U.S. bond laws




graphic graphic

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.