Kodak

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20.5 - Manufacture of other chemical products
20.5 - Manufacture of other chemical products
4,500 - 6,000 jobs
Number of planned job losses
Job loss
Announcement Date
24 July 2003
Employment effect (start)
Foreseen end date

Description

Kodak announced a world-wide restructuring plan affecting between 4,500 and 6,000 jobs, which represent between 6% and 9% of their total work force. The measure is due to an huge loss for the second quarter of 61%, representing 112 millions of dollars. Any other reason is the huge competition with the digital technology.

Sources

  • 24 July 2003: Les Echos

Citation

Eurofound (2003), Kodak, Internal restructuring in World, factsheet number 60082, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60082.