Kodak to shed 600 UK jobs
110762
Photography equipment maker Kodak says it is to cut 600 jobs in the UK and close its factory in Nottinghamshire.
395952
Unilever, the world&#39;s largest maker of food and soap, will close its Birds Eye plant in Grimsby, England, leading to the loss of 600 jobs at the UK&#39;s biggest producer of frozen foods.
552967
Eastman Kodak Co., the world&#39;s biggest photographic company, said it will shed almost 900 jobs in Europe to concentrate on the digital market and cut costs as demand for traditional film products declines.
169
(InfoWorld) - As part of a four-year turnaround plan, Eastman KodakÂ expects to cut 5,000 to 7,000 jobs by the end of 2007 in an effort to reduce its administrative overhead and boost profits from digital photography instead of standard film, the company told investors Thursday. Kodak leaders had already cut 1,200 jobs during the fourth quarter of 2006, bringing the total jobs lost to 23,400 since the company first announced its restructuring plan in January 2004. By the end of this year, that total could reach 30,000, nearly half of the company's size in 2003. The company has already cut excess jobs from its manufacturing division, and will trim the remaining jobs from its selling, general and administrative unit, Kodak Chief Financial Officer Frank Sklarsky said in a release. The move will reduce administrative overhead from Kodak's current level of 18 percent of revenue to just 14 percent to 15 percent. The company has also slashed costs by announcing Jan. 10 it would sell its 8,100-person medical imaging and health-care IT division to the Canadian firm OnexÂ for $2.55 billion. That deal is expected to close in the first half of 2007. On the revenue side of its books, Kodak hopes to boost income through new products like its consumer inkjet printers, image sensors and picture kiosks, said CEO Antonio Perez. The company will also draw $250 million in revenue by licensing its intellectual-property patents this year, he said. KodakÂ introduced a line of inkjet printersÂ this week to compete with Hewlett-Packard and Xerox. Kodak will target consumers and home-office users by selling replacement ink cartridges at about half the price of its competitors -- just $9.99 for black ink and $14.99 for five-color ink. Likewise, Kodak will sell a range of printers priced below $200. Also on Thursday, Kodak announced it would partner with MozillaÂ to improve Kodak's online photo gallery by allowing users to access it from Mozilla's Firefox Web browser. The companies hope to generate more income from the 83 million U.S. users who are predicted to upload, share and print their photographs by 2010. Users can now download the new tool. Â
564669
Devonport Dockyard, which upgrades the Royal Navy's submarines, is shedding 600 jobs, the BBC learns.
92510
Eastman Kodak Co., the world&#39;s biggest photographic company, said it will cut almost 900 jobs as it reorganizes its European business to concentrate on the digital market as demand for traditional film wanes.
610088
Eastman  Kodak Co. announced on  Tuesday that it would restructure several plants based in  Britain and France, resulting in the loss of hundreds of jobs  by 2005.
429466
Computer hard-drive maker Seagate  Technology  on Monday said it planned to cut about 6,000  jobs as part of its just completed &#36;1.9 billion acquisition of  rival Maxtor Corp.
665992
London - Cable and Wireless, the struggling British telecoms group, said Wednesday it would cut 600 jobs across Europe, part company with a top executive and shut its London headquarters.
472484
Foods giant Unilever is to close one of its Birds Eye factories with the loss of 600 jobs in an effort to cut costs, as two other companies also revealed job cuts in the UK.
55224
Photographic retailer Jessops says it plans to close 81 of its High Street stores and cut 550 jobs.
232207
Eastman Kodak Co.  said on  Thursday it expected to cut up to 3,000 additional jobs and  complete a three-year restructuring program by the end of 2007  that it says will help sustain profitability.
266586
CABLE &amp; Wireless has unveiled another round of job cuts, with the announcement that it plans to reduce its head count in the UK and Continental Europe by 600.
426699
Japan's Fujifilm Holdings Corp said on  Wednesday it plans to shift its remaining digital camera  production to China and cut an unspecified number of jobs as it  restructures its struggling camera operations.
374136
Eastman Kodak Co.  on Tuesday said Frank Sklarsky, chief financial officer of ConAgra Inc. , will take the same post at Kodak, succeeding Bob Brust, who announced early in the year his intention to retire by January 2007.
19094
Nokia, the world's leading maker of mobile phones, has said it would shed some 700 jobs, with Finland taking the brunt of the cuts.
215682
European planemaker Airbus is cutting 1,600 UK jobs over the next four year as it looks to reduce costs.