Agfa lays off 4,000 to concentrate on digital

Agfa (Agfa-Gevaert NV) has today announced it plans to lay off 4,000 employees (20% of its global work force) to concentrate on digital imaging. This is kind of interesting after they were quoted back in July as saying "No more digital cameras". Agfa-Gevaert Chief Executive Ludo Verhoeven said the company, best known for its photographic films, needed to invest more in new technologies, such as digital imaging. "We can only grow if we are profitable,'' Verhoeven told the VRT television network.

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