Kodak to Cut 1,000 More Jobs as It Slims Down Bankrupt Business

Bankrupt photography pioneer Eastman Kodak Co. is losing more executives and plans to cut an additional 1,000 jobs by the end of the year as it shrinks into a commercial printing-focused company.

The latest job cuts follow the reduction of about 2,700 employees globally this year, the Rochester, New York-based company said today in a statement. Kodak is “making progress” in a restructuring that includes selling its consumer-film, photo-kiosk and commercial-scanner businesses and an extended effort to auction its digital-imaging patents.

Kodak also is shaking up its management structure and losing key executives.