Headline: Kodak jobs cull
22 January 2004 – Rochester (NY): Kodak will slash around 20% of its workforce by 2006 as part of its shift to a digital imaging key strategy.
The firm will take charges of between $1.3 billion and $1.7 billion as it dispenses with 12,000 to 15,000 jobs.
The action is expected to produce annual cost savings of $800 million to $1 billion by 2007.
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