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Kodak, the 131-year-old photography pioneer, filed for bankruptcy on January 19th 2012.Eastman Kodak announced early this morning that filing for Chapter 11 bankruptcy was “the right thing to do for the future” of the company.In a statement, Kodak CEO Antonio Perez said company leadership decided the move was “a necessary step.”Innovation Trail has followed the story over the course of 2012.

Kodak no longer one of Rochester's top 5 employers

Kodak City no more.
Wigwam Jones
via Flickr
Kodak City no more.

Kodak is kicking off a new round of job cuts - another 91 people in the Rochester area will be out of work by late May.

But the much bigger drop in Kodak's local employment figure is actually the result of a new accounting practice.

This time last year, Kodak reported a Rochester-area workforce of about 7,100.

Turns out that number should've been 5,900.

The 1,200-person drop is the result of a new classification system, according to a Kodak spokesman.

"In the past, our system counted as Rochester employees a number of employees who report to Rochester-based supervisors," Alan Brakoniecki said in a statement.

Given the new counting system, here's the latest figure:

At the end of 2011 Kodak had 5,129 Rochester-area employees - down almost 800 from the previous year.

According to a list published by the Rochester Business Journal, that means the Eastman Kodak Company is now no longer one of the region's top five private sector employers.

Kodak's Rochester-area employment peaked at 60,400 workers in 1982.

The company filed for Chapter 11 bankruptcy protection Jan. 19, 2012.

WXXI/Finger Lakes reporter for the Innovation Trail.
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