woensdag, juli 20, 2005
Kodak snijdt dieper in personeel
Eastman Kodak said today it would lay off up to 10,000 more people because its film business was declining much faster than the company had anticipated.
The latest cuts will be in addition to the 15,000 positions it announced plans to eliminate in 2004, and come as the company, which is based in Rochester, posted its third straight quarterly loss today.
Though it had been clear that Kodak was undergoing a difficult transition from film to digital, investors and analysts appeared unprepared for today's news. Analysts had projected the company would have a 80.5 cent profit for the second quarter, not a loss.
Kodak had losses of $142 million and $59 million in the first quarter and fourth quarter of 2004 respectively.
Kodak has enjoyed brisk growth in digital product sales, but it hasn't been fast enough to make up for the rapidly shrinking film business that the company pioneered. Together the company's sales of digital and film products fell 12 percent to $2.2 billion in the second quarter. (Much of the remainder of Kodak's revenue is made up of graphics and health products.)
As of the end of last year, the company employed 54,800 people. Kodak said it had already eliminated 13,475 of the initial 15,000 jobs to be cut.
Bron: New York Times.
The latest cuts will be in addition to the 15,000 positions it announced plans to eliminate in 2004, and come as the company, which is based in Rochester, posted its third straight quarterly loss today.
Though it had been clear that Kodak was undergoing a difficult transition from film to digital, investors and analysts appeared unprepared for today's news. Analysts had projected the company would have a 80.5 cent profit for the second quarter, not a loss.
Kodak had losses of $142 million and $59 million in the first quarter and fourth quarter of 2004 respectively.
Kodak has enjoyed brisk growth in digital product sales, but it hasn't been fast enough to make up for the rapidly shrinking film business that the company pioneered. Together the company's sales of digital and film products fell 12 percent to $2.2 billion in the second quarter. (Much of the remainder of Kodak's revenue is made up of graphics and health products.)
As of the end of last year, the company employed 54,800 people. Kodak said it had already eliminated 13,475 of the initial 15,000 jobs to be cut.
Bron: New York Times.
# posted by Jan-Edward : 19:07
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