EMCC European Monitoring Centre on Change

Kodak

Company/Organisation:
Kodak

Geographic Location

Country: Austria
Region: Wien; Ostösterreich
Location of affected unit(s): Wien

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20.59 - Manufacture of other chemical products n.e.c.
Number Employed: 175
Group: Kodak

Employment Effects

Announcement Date: 12-05-2004
Planned Job Reductions min: 175
Planned Job Reductions max: 175
Type of Restructuring: Bankruptcy/Closure
Foreseen End Date: 31-07-2004
Direct Dismissals: 175

Additional Information

The multinational company Kodak, specialised in the manufacture of photographic products, has announced the closure of its laboratory in Vienna by the end of July 2004. Thus, all 175 workers employed at this site stand to lose their jobs. Due to the boom of digital photography which has arisen in recent years, the traditional development of pictures based on analogous technique does not pay any more. The 175 employees concerned will be covered by a social plan which is currently being drawn up.