EMCC European Monitoring Centre on Change

Eastman Kodak

Company/Organisation:
Eastman Kodak

Geographic Location

Country: World
Location of affected unit(s): Australia, France, Switzerland, the United Kingdom, the United States

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20.59 - Manufacture of other chemical products n.e.c.
Number Employed: 51100
Group: Eastman Kodak

Employment Effects

Announcement Date: 22-01-2003
Planned Job Reductions min: 28000
Planned Job Reductions max: 30000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2003
Foreseen End Date: 01-01-2008

Additional Information

Kodak is the world's largest manufacturer and seller of imaging products. It produces traditional and digital cameras, photographic plates and chemicals, processing and audiovisual equipment, as well as document management products, applications software, printers and other business equipment. In 2003, Kodak announced a five-year reorganisation plan that envisaged a loss of around 30,000 jobs throughout the world. This restructuring programme is due to the accelerated shift towards the digital market, more lucrative than the classical film market. The company's restructuring plan was updated in July 2005 and August 2006. In the period between 2004 and 2006, the company closed several plants in Australia, France, Switzerland, the United Kingdom and the United States. At the end of 2006, the company had already dismissed approximately 24,000 workers. In February 2007, Kodak announced that, by the end of 2007, the total employment reductions would reach 28,000 to 30,000 jobs, according to the provisions included in the 2004 plan.