HIGH TECHNOLOGY
From Times Staff and Wire Reports
Employees Jump at Kodak Retirement Offer: So many workers are taking Eastman Kodak’s lucrative early retirement offer that the photography company will have to hire new employees to fill the gaps. Kodak said the incentive plan, intended to attract 3,000 early retirees, drew roughly double that amount. However, hiring is expected to be limited because the Rochester, N.Y., company is “not in a hiring mode,” spokesman Paul Allen said. The plan, announced in August as part of a restructuring, allows workers to retire before they would normally be eligible for benefits and gives them up to a year’s separation pay and “bridge” payments until they become eligible for Social Security.
