
Struggling US camera company Eastman Kodak has returned its eighth quarterly loss in a row as it battles to fully adapt to the digital age.
However its shares climbed 4% as July-to-September losses narrowed to $37m (£18.4m) against $282m in the previous three months.
Kodak now expects a $400m-$600m loss from its continuing business in 2006, including restructuring costs.
These include the axing of 27,000 jobs - largely in film manufacturing.
Not enough?
Despite the cutbacks - which will see Kodak employ 50,000 people globally, against a peak of 145,800 staff in 1998 - some analysts say not enough is being done.
READ ON
No comments:
Post a Comment