Kodak to cut 500 jobs and close five UK sites
Kodak is to close five labs in the UK over the next 12 months resulting in a loss of 500 jobs. The news of the closures in Northampton, Glasgow, Walsall, Wimbledon and Portishead follows the announcement of 600 job losses last month after Kodak closed a factory in Nottinghamshire and 250 people lost their jobs at a site in Harrow, North London. A call center is also due to close, The cuts are a result of Kodak's shift towards the digital market and its plans to cut up to 15,000 jobs worldwide in three years. Employees are expected to receive enhance severance terms, access to counseling and assistance in finding alternative employment.