Holy cats, Perez will be the last one standing. Never good when the CFO quits.
Hate to here that. Losing your job ain't fun.
I feel very sad for the employees at Kodak that are getting their jobs cut.
The interesting aspect of it is that 1,000 employees together make 330,000,000 dollars. That's an average of $ 330,000 per year in compensation and benefits. No wonder their costs are too high.
If it is correct then yes. Just close the whole thing. Sell off the tools and patents and be done with it. Guess how many high-skilled people (I deliberately don't refer to them as "workers") one of those salaries would get in an emerging economy country? Heck, since moving back to Sweden, I hardly make more than a tenth of that per year!
No tears for Kodak by me from now on...
It is my understanding that the $330,000,000 figure applies to the total of 3,700 employees being cut in 2012 - that comes out to about $89,000 per employee being cut.