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Kodak to Cut 20 Percent of Work Force

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Kodak to Cut 20 Percent of Work Force

Business

Kodak to Cut 20 Percent of Work Force

Kodak to Cut 20 Percent of Work Force

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  • <iframe src="https://www.npr.org/player/embed/1612350/1612351" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Eastman Kodak plans to cut up to 15,000 jobs over the next three years. The move follows a decision made last September to embrace digital products and move away from a declining film market. Kodak said the job cuts would be worldwide and involve about 20 percent of its work force. Rochester, N.Y., Kodak's headquarters, could lose as many as 5,000 jobs. NPR's Jack Speer reports.