Kodak facing layoffs

The following appears on democratandchronicle.com

By Will Cleveland – Eastman Kodak Co. announced late Wednesday that revenues were down 8 percent in the third quarter from the same time period last year.

The company will cut 425 jobs, including approximately 100 in Rochester, to reduce costs.

Kodak reported a net loss of $46 million on revenues of $379 million. The State Street-based company said net earnings were $12 million in the third quarter of 2016.

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