Eastman Kodak to Shed 2,000 More Jobs
ROCHESTER, NY—Eastman Kodak experienced its seventh straight quarterly loss—$282 million for the second quarter—and will do away with 2,000 jobs by the end of 2007.
Revenues tumbled 9 percent to $3.36 billion. The company lost roughly $0.98 per share for the quarter, fueled primarily by $214 million in restructuring costs.
Not all the news was bleak. Graphic communications sales realized a 14 percent gain to $908 million.