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Eastman Kodak announces 5,000 More Jobs Cuts

World’s biggest photography company Eastman Kodak Co. has said in a statement that they plan to cut as many as 5,000 more jobs than they had originally expected.

This comes as the company increasingly cuts itself from the consumer film business while focusing on digital photography industry.

With this, the company now aims to cut as many as 28,000 to 30,000 jobs. Kodak estimates that they can cut costs by around $3.8 billion through this initiative.

Kodak began the revamping in 2004 and since then they have cut as many as 23,400 jobs at a cost of $2.7 billion.

Kodak Chief Executive Officer Antonio Perez said in a statement: “The most important thing for me is to complete this transition. I want the $500 to $600 million we keep using every year to do the layoffs to remain in our pockets starting 2008.”

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3 Comments to “Eastman Kodak announces 5,000 More Jobs Cuts”

  1. Abomanable digtial snowman | February 12th, 2007 at 10:59 am

    I HATE FILM BECAUSE I LOVE CRAPY DIGITAL
    by to the quality and say hello to the 1 world Same old same old less creative and so temperary and more wicked digital taking the divercity out of photography id call it the statbucks of the Photographic proportion
    say bye to special grains and diffrent styles oh yeah and contrast nightmare of digitals

    buhumbug

  2. Abomanable digtial snowman | February 12th, 2007 at 11:04 am

    digital abominnation
    to molesting photography
    at Gun point
    Fine art and the starving artist will become inpoverished and because digitals cant do what film cameras can
    try an 8hOUR exposure on Frozen Northen maine Night of the stars blazeing from east to west leaving beautfull streaks and lines on film but the CCD’S would stop working after an hour or less they take alot of battery and evan at that the immage would be SALT and Pepper Noise like an OUT of toon TV set

    DIGTAL CAMERA = ABOMINABLE DIGITAL SNOW MAN

  3. ABOMINABLE DIGITAL SNOWMAN | February 12th, 2007 at 11:12 am

    ABOMINABLE DIGITAL SNOWMAN

    bah hum bug to the Crappy cheasey super temperary digital age
    digital = abomination to photography

    the whole world is cheapening in the quality
    look at what digital has done to the cameras
    Contax out of buisness
    Minolta out of buisness
    Sigma film camera out of buisness they struggle to produce the digital version
    Konica out of buisness
    and the scope gets narrower in the future
    Next thing in the extict bloc is SLR’S and hello Cell phote pHOTO POOP and point and poop digital trash
    so far whos left CANON SONY AND NIKON the rest are eather too expensive and for the super ABOMINABLE rich

    NEXT SATAN comes and steals kills and destroys the creative element in photography

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