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Kodak Announces 15,000 Job Losses
Following on from the earlier story today about Kodak offering a $1,000 instant discount on the purchase of the Kodak Professional DCS Pro 14n Digital Camera, it looks like job losses may be the reason. Kodak have today announced the loss of 15,000 jobs worldwide over the next 3 years, following a sharp fall in profits for the last three months of 2003. Apparently less popular product lines will be dropped, with a lot more emphasis placed on digital products. Click the link below for the ful story.
Website: BBC Business
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#1 Catalina Martinez
t is sad to read how a dinosaur like Kodak has failed to understand the digital revolution. They are spending hundreds of millions of dollars to restructure, to diversify, trying to become a digital company, a software company, a medical optical equipment company, .... The grass on the other side isn't greener. What about developing a clear strategy for Ofoto, there bastard child (or why isn't it carrying the fathers great name). How can they leave the online digital printing business to Shutterfly, Photobox, FotoInside (http://www.fotoinside.co.uk) and other fast growing start ups?
Cata
3:46 pm - Thursday, January 22, 2004
#2 Mad@TT
Any news about dropping TMax and other B&W products?
4:04 pm - Friday, January 23, 2004
#3 Mark Goldstein
There's no news about Ofoto or the black and white side of the business.
12:38 pm - Sunday, January 25, 2004