Kodak Cutting More Jobs

Kodak says it will be cutting more jobs -- 425 worldwide, including about 100 in Rochester. CEO Jeff Clarke says rising costs and a print market slowdown were to blame for a third quarter loss of $46 million.Year-over-year revenue for the quarter fell 8 percent. Clarke says the company will take "immediate actions" to reduce costs and pursue changes in the Kodak product line. The company did say some key product lines saw strong year-over-year growth.


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