[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
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Featured
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Since she was 16-years-old, Scottish Nationalist Party's Sturgeon has strove for independence from the UK.
Armed group's ransom success with German hostages marks a re-emergence, as authorities investigate ISIL links.
Western nations are moving into the resource-rich country after decades of disinterest, challenging China's interests.