More on Kodak:
From the Associated Press:
Eastman Kodak is trimming its traditional film business
once again. The company is scaling back film manufacturing
in China and is closing some businesses in Rochester and
West Virginia. About 1,000 U-S jobs will be cut.
The moves are part of a dramatic overhaul begun by the
world's biggest film manufacturer 20 months ago to
eliminate up to 25,000 jobs by mid-2007.
To fortify its growing digital business, Kodak has moved
to slash deeper than it set out to do in January, 2004,
when it targeted up to 15,000 job cuts.
Kodak will consolidate color photo paper manufacturing
at factories in Colorado and in England, by shutting down
an operation in Rochester, N.Y., by the end of October.
By year's end, the company also will close a polyester
recycling plant in Rochester and next year shut down a
printing-plate factory in West Virginia.