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More jobs cut as Kodak reorganizes

Associated Press / September 11, 2012
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Kodak is reshuffling some executives and continuing to cut jobs as the pioneering photography company tries to emerge from bankruptcy protection. Eastman Kodak Co. said it has cut approximately 2,700 employees worldwide since the beginning of the year and plans to eliminate about 1,000 more by 2012’s end. Annual savings from these cuts should reach about $330 million, the company said Monday in a regulatory filing.

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