Kodak Forecasts $133M Q4 Loss, to Cut 4,500 Jobs | Business 2.0 Press

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Home » Business » Kodak Forecasts $133M Q4 Loss, to Cut 4,500 Jobs

Kodak Forecasts $133M Q4 Loss, to Cut 4,500 Jobs

By Hercules K
Thursday January 29, 2009, 11:29 pm ET

Kodak has announced it will cut 3,500-4,500 jobs (up to 15% of its total headcount) as the company gets hammered in this tuff economic time thanks to falling demand. Kodak said the company is forecasting a $133 million Q4 loss and will make the job cuts to remain competitive. Kodak CEO Antonio Perez said “the second half of 2008 will go down in history as one of the most challenging periods,”

Tags: earnings report, economy, jobs, kodak

Questions? Write to Hercules K at hercules@business2press.com

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