Eastman Kodak Co. said it wants to...
- Share via
Eastman Kodak Co. said it wants to cut its non-essential costs by 15% and may do so by trimming its work force, selling businesses or ending product lines. Paul Allen, a Kodak spokesman, said all the company’s products and business units will be reviewed to determine whether they’re worth keeping. “Over the last eight years, Kodak has made a lot of strategic acquisitions,” Allen said. “What we haven’t done is a lot of strategic divestment.” The announcement came a day after Kodak reported record sales and earnings for 1988.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.