Kodak to shed 10,000 more staff

Kodak is cutting up to 10,000 more jobs as its traditional film business continues to struggle against digital competition.

In January 2004 Kodak said it would cut its global workforce by up to 15,000, but now its wants to cut more jobs to speed up its move into digital.

The increased job cuts are expected to include about 7,000 manufacturing posts, as the company gets rid of non-digital assets, including film-making factories and equipment.

At the end of last year, Kodak had a global workforce of 54,800, down from 64,000 at the end of 2003.

The latest cuts will save the company about $800m (£460m) a year, Kodak said.

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