Thursday, January 29, 2009

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Kodak May Announce Further Restructuring, Job Cuts

Eastman Kodak Co., fresh from a $3.4 billion, four-year restructuring that cut its workforce in half, may announce a second shake-up amid a continuing drop in sales.

“To see any sort of meaningful turnaround, they have to get costs way more in line with their peers,” Standard & Poor’s equity analyst Erik Kolb said in an interview. “That means cutting jobs, cutting anything wherever they can.”


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