Is it good news? I can't bear to look.
Actually it's pretty good news for Kodak retirees like our own Photo Engineer. It's safe to read it.
Oh... that IS good news. A friend of mine is a Kodak retiree and I'm sure that makes his day too!
This bit is interesting:
So the job market is such that there are plenty of jobs for these people to move on to?Quote:
Also Friday, the company said it is seeking permission to pay about 300 executives and other employees a total of $13.5 million in bonuses to persuade them to stay with the company
This was announced yesterday here. Basically, Kodak is allowing time for the retirees to set up a committee of retirees to act in concert with Kodak or in opposition, to determine the fate of this health care plan and to give some time for things to settle.
It is good for us.