Kodak misses the moment

Facing rumoured bankruptcy, dwindling workforce of US camera-film pioneer fear benefits cuts as cost-saving measure.

    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


    YOU MIGHT ALSO LIKE

    Meet the deported nurse aiding asylum seekers at US-Mexico border

    Meet the deported nurse helping refugees at the border

    Francisco 'Panchito' Olachea drives a beat-up ambulance around Nogales, taking care of those trying to get to the US.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.