More Jobs Fading Away at Eastman Kodak

Eastman Kodak plans to cut up to 3,000 more jobs, on top of the 25,000 to 27,000 people the photo company previously said it will lay off by year's end. It's part of an attempt to adjust to a world of digital cameras.

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The business news starts with that famous photo firm in Rochester cutting more jobs.

Eastman Kodak says it will eliminate up to 3,000 more jobs. And that is on top of 25 to 27,000 people the company has already said it will lay of by the end of this year. This company is overhauling its businesses in order to transform itself so it can compete in a world of digital cameras. Eastman Kodak CEO promises to make the company profitable over the long term. But with 30,000 employees, Eastman Kodak will be about one-fifth the size it was just in the 1980's.

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