Kodak to Shut Down Dynamic Imaging Unit
Bloomberg News
Eastman Kodak Co. will eliminate 60 jobs and close its Dynamic Imaging unit that makes three-dimensional holographic images, which the company hoped would be used by advertisers.
The photography company began closing down the unit’s operations June 6, according to its Web site. Most of the workers are employed in Rochester, N.Y. About 12 work in Los Angeles, spokesman Paul Allen said.
The positions are part of the 3,000-3,500 job cuts Kodak announced in April. The company plans to take $375 million to $450 million in charges in the second and third quarters for the firings.
Shares of Rochester-based Kodak fell 17 cents to $48.46 on the NYSE.
