Kodak: 800 More Jobs to Be Cut in Rochester by First Quarter 1995
ROCHESTER, N.Y. (AP) _ Eastman Kodak Co. extended its austerity campaign Tuesday, announcing 800 additional job cuts at the photographic company’s hometown operations by the end of next March.
The reductions will affect Kodak’s Worldwide Sensitized Goods Manufacturing unit, based at the company’s sprawling Kodak Park manufacturing facility.
″Management clearly is committed to taking the critical steps necessary to position the company for improved performance during 1995,″ said Vernon Dyke, vice president and director of Worldwide Sensitized Goods Manufacturing.
A statement from Kodak said the reductions would not affect production workers, but other details of the cuts weren’t immediately available.
For more than two years, Kodak has been trying to cut its work force and sell off some holdings in a effort to reduce debt and return to its core photographic and imaging business.
Kodak previously announced plans to eliminate about 10,000 jobs by next year.
Among the companies sold by Kodak since George Fisher took over last December as chief executive have been the Sterling Winthrop prescription drug unit, the L&F Household products division, the L&F do-it-yourself products division and the Clinical Diagnostics division.
Those sales have totaled about $8 billion.