Kodak posts 4Q loss, plans up to 4,500 job cuts (AP)

A pedestrian walks past the Rochester, N.Y., headquarters of Eastman Kodak Co., in this Wednesday, July 20, 2005 file photo.  Kodak says Thursday Jan. 29, 2009 it is eliminating 3,500 to 4,500 jobs, or 14 percent to 18 percent of its payroll, as it posted a $137 million loss for the fourth quarter. Kodak says sales and profits from both digital and film-based photography products plummeted. (AP Photo/Kevin Rivoli, FILE)AP – Eastman Kodak Co. said Thursday it is cutting 3,500 to 4,500 jobs, or 14 percent to 18 percent of its work force, as it posted a fourth-quarter loss of $137 million on plunging sales of both digital and film-based photography products. Its stock tumbled more than 23 percent.

Leave a Reply