Rochester, N.Y. – At what Kodak calls a Global Employee Town Meeting Thursday, Kodak executives are defining their status, while outlining new goals.
Chairman and CEO Antonio Perez informed employees that Kodak has “bolstered its liquidity” with $950 million in financing in an internal email.
He says the company has, indeed, filed a motion to discontinue certain retiree medical benefit”in alignment with our intent to preserve core benefits for the retirees affected.”
He reaffirms intent to auction Kodak’s digital imaging patent portfolio, and says much of this could not have been accomplished without Chapter 11 provisions.
In defining goals, he includes Kodak’s plan for reorganization, naming the target date for finalization as January, 2013.