KommentariiOdnim mahom27.01.2009Za day worldwide company laid off 85 thousand people is one of the oldest manufacturers in the world of photography company Kodak cut in 2009 from 3,5 to 4,5 thousand jobs, representing 18 per cent of its workforce, reports Bloomberg. A decision is due to set out in the fourth quarter of 2008 net loss, which amounted to 139 million dollars. During the same period of 2007, the company reported a profit of $ 92 million dollars.
Kodak Total revenues for the fourth quarter of 2008 fell by almost a quarter - from 3.22 billion to 2.43 billion dollars. Analysts had expected sales decline to 2.79 billion dollars.
According to the executive director of Kodak, Antonio Perez, the second half of 2008 will go down in the history of the company as one of the worst periods. The losses forced the company to hold a second restructuring in the past few years. Previous ceased in December 2007 and cost the Kodak in 3,4 billion dollars. In its course was reduced to half of the personnel of the company, and in addition, Kodak increased its share of digital products in the range of its technology.
In doing so, according to analysts, the restructuring was carried out too late, because the Kodak to the top of its already significantly behind competitors in the production of digital photography.
Kodak became a regular company, announced in February to reduce staff. In total, the volume reductions of the largest corporations in the world in January 2009 exceeded 300 thousand jobs.
Subscribe to:
Post Comments (Atom)
1 comment:
Dismissing the "rough", simple and very primitive method. Well...
I was sitting within this company structures in Europe (Kodak Professional Div.). This company invested in my education (technology and sales) thousands of USD and... had no idea how to use it after my boss was fired. In the end of 2004 I was told "good bye". This case is the top of the iceberg. No doubt, company managed like this will have trouble...
Post a Comment