Report on Kodak Concerns Retirees

Reported by: Evan White
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 1/05 12:33 pm

Rochester, N.Y.-- A Wall Street Journal report said Eastman Kodak could soon file for chapter 11 bankruptcy protection if it fails to sell its digital patents.

For retirees who've seen the company's financial strength and stock price erode over the past two decades, it's the latest reason to worry about their future.

"I guess the investment is the most important to me, because that's where I have the most of our money," said Joseph Janowicz, a Kodak worker for three decades who retired two years ago.

Andrew Lippa  took a lump sum payout when he left Kodak in 1998. He's not worried about a pension or investments but there is one prized benefit he'd like to keep.

"The only concern that I have is that I will lose my health care, and that means I'll have to go out and get it through one of the providers," said Lippa.

Eastman Kodak did not respond to requests for comment.

The Eastman Kodak Retirees Association said it is closely monitoring all Kodak news and is working to help its members with understanding benefits, and should they lose some, help them regain what is needed.

Share
National News
Judge: BP liable for civil penalties for oil spill
A federal judge has ruled that BP PLC and one of its minority partners in the blown-out Macondo well are liable for civil penalties under the Clean Water Act for their roles in the nation's worst offshore oil spill.

BuzzedDriving

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.