Kodak Cutting 10,000 More Jobs

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Eastman Kodak Co. said Wednesday it is cutting as many as 10,000 more jobs as the company that turned picture-taking into a hobby for the masses navigates a tough transition from film to digital photography.


Kodak, which earlier targeted 12,000 to 15,000 job cuts by 2007, made its announcement of more job cuts as it swung to a disappointing loss for the second quarter in a row. It missed Wall Street forecasts by a wide margin due to a steady slide in revenues from film and other chemical-based businesses.


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