Special Report: Kodak Bankruptcy

Kodak Releases Details About Restructuring

Kodak
Kodak
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Updated: 1/24 1:28 pm
Rochester, N.Y. -- In a lender presentation on its website Monday, Eastman Kodak alluded to job cuts in Rochester.

That presentation outlines $100 million in corporate cost reductions, including the elimination of all non-essential advertising and marketing. Non-core corporate research and engineering are also being eliminated.

On Monday, Kodak also named James Mesterharm as the new Chief Restructuring Officer. He will oversee turnaround efforts.

To view the lender presentation, click here.
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