The company has confirmed that between 2000 and 3000 positions will be made redundant at its headquarters in Rochester, New York State, USA, but is unable to give any further specifics at this time. The cuts come as art of Eastman Kodak’s efforts to save US$400million annually.

Kodak’s second quarter sales rose 0.5 per cent to US$3.35billion compared to the corresponding quarter last year. However, this result was boosted somewhat by favourable exchange rates of around six per cent, which offset poor price and volume results. The company’s net earnings fell 60 per cent to US$110.9million.

The company’s sales of graphic arts products to Kodak Polychrome Graphics (KPG), which I owns jointly with Sun Chemical, also declined by 16 per cent compared to the corresponding quarter last year. However, Kodak says it is happy with KPG’s contribution, saying that the increased digital and CTP sales have had a flow-on effect to the parent company.

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