[QODLink]
Americas
Kodak misses the moment
Facing rumoured bankruptcy, dwindling workforce of US camera-film pioneer fear benefits cuts as cost-saving measure.
Last Modified: 03 Nov 2011 10:49

Though they pioneered the technology in the 1970s, Kodak, one of the most well-known US companies of the 20th century, is now facing rumoured bankruptcy as the film market faces increasing competition from digital cameras and mobile phones.

The company, founded in the final years of the 19th century, is hoping to turn things around with a new printer market and patents, but for the dwindling workforce the turnaround may come too late.

The 20,000-30,000 worldwide employees - down from over 100,000 - now fear cuts to their pension and healthcare could be axed in cost-cutting efforts.

Al Jazeera's John Terrett reports from Rochester.

Source:
Al Jazeera
Topics in this article
People
Country
City
Featured on Al Jazeera
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Nearly half of Canadians have suffered inappropriate advances on the job - and the political arena is no exception.
Featured
Women's rights activists are demanding change after Hanna Lalango, 16, was gang-raped on a bus and left for dead.
Buried in Sweden's northern forest, Sorsele has welcomed many unaccompanied kids who help stabilise a town exodus.
A look at the changing face of North Korea, three years after the death of 'Dear Leader'.
While some fear a Muslim backlash after café killings, solidarity instead appears to be the order of the day.
Victims spared by the deadly disease are reporting blindness and other unexpected post-Ebola health issues.