News tagged with "kodak"
Kodak is to cut up to 10,000 more jobs, while the company makes the tough transition from film to digital, reports the Altus Times. The announcement coincided with reports of a second quarter loss and shares dropped by more than 2%. The new cuts are expected to affect around 7,000 manufacturing jobs, many in Kodak's home town. Eighteen months ago Kodak announced that it would cut around 15,000 jobs over the next three years. Despite the fact that Kodak will add around 8,000 employees, the workforce will eventually number under 50,000 compared to 86,000 people it employed in 1998.
In further evidence of its commitment to digital, Eastman Kodak has announced plans to accelerate moves into the CMOS image sensor market after news of a manufacturing alliance with IBM. The recently available three and five megapixel CIS devices are intended for mass market products such as camera phones and digital cameras. The KODAK KAC-3100 and KAC-5000 Image Sensors incorporate Kodak PIXELUX technology, which is designed to improve image quality and performance, and offer more features than other CMOS-based image sensors on the market.
Kodak has delayed the launch of the unique Wi-Fi-enabled EasyShare One camera until October, reports the Wall Street Journal. It was originally scheduled for launch in June. A Kodak spokesman said, "Kodak is making significant, innovative advances to create the EasyShare-One camera. We are taking the necessary time to ensure the best-possible customer experience, making certain that all of the new system components interoperate as expected." The four megapixel camera has a tilt-and-swivel, 3-inch touch-screen LCD, that is designed to change the emphasis from 'point and shoot to point and share,' says Kodak.
After all the bad news that has beset Kodak in the last year, things appear to be on the up as the company took the number one slot for sales in US in the first quarter of this year. It shipped 900,000 point and shoot digital cameras, a 41% increase on sales this time last year, according to a market research company. Kodak is followed by second-placed Canon (850,000 units), which recorded a whopping 72% increase, and perennial front-runner Sony was ranked third with sales of 800,000 units. UPDATE: Chief executive Dan Carp will step down as president in June, although he will remain in the post until he retires in January 2006. He will be succeeded by Kodak president Antonio Perez, who joined Kodak in April 2003 after 25 years at HP.