[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
Al Jazeera's exclusive publishing of a key Guantanamo prison military document lays bare the brutality of force-feeding.
Former military official says poverty and anger in indigenous communities mean conditions for an "insurgency" are ripe.
A four-part series that gives a rare insight into the country on the move, with history in tow.
Series on the Palestinian 'catastrophe' of 1948 that led to dispossession and conflict that still endures.
Featured
Lebanon-based militia is assisting villagers caught up in the conflict, and reportedly fighting alongside Assad forces.
Two years since the start of the uprising, rebels and Assad's forces remain locked in conflict.
Copper-rich Mes Aynak is home to ruins of ancient villages, but threatened by a planned Chinese mining project.
A four-part series that gives a rare insight into the country on the move, with history in tow.
Extensive coverage of war crimes tribunals and controversial calls for blasphemy laws.
join our mailing list