July 20, 2005 – As Kodak attempts to further ascend the competitive digital photographic ranks, the corporation continues to fall. Kodak will reportedly cut another 7,000 - 10,000 jobs in response to yet another substandard quarter. For Kodak, the 2.2 percent decline in the company’s stock caps off their third straight quarterly loss and continues the dismantling of an already depleted workforce that has seen numerous plants close in an attempt to transition away from film.
Kodak to Cut Another 10,000 Jobs
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