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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
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