Takeaway #1
Fresh off news that Canon (CAJ) saw profits plunge 91% in Q4, Eastman Kodak (EK) now reports it blew its own quarter.Takeaway #2
Kodak this morning said it will cut its staff by 3,500-4,000 jobs in 2009, reducing its workforce by 14%-18%. The company also said it will pay no executive bonuses in 2008, and that it will not issue pay increases this year.Takeaway #3
Posted losses of $133 million, sales were down 24%, including a 23% decline in digital products and 27% decline in traditional products.
- When you find a lengthy article, but don’t have time to read the whole thing...
- Click the Synop.it bookmarklet to see if a summary has been created for the article
- If a summary exists, you’ll get the most important takeaways from an article in seconds. Neat!
- If no summary exists, you can create one or sign up to be notified by email when one is made.
Life is Short. Synopit.
synopped by: solacetech (reach: 33)
category: Business
Kodak Blows Earnings, Laying Off 4000 (Ek)
-
1
January 29, 2009 18:19 revised by: solacetech reason: minor edit