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.
79 more layoffs at Kodak's Eastman Business Park
According to a new filing with the state labor department, 79 more Kodak employees will be let go by mid-August.
The latest round of layoffs targets the company's photographic equipment and supplies division at the former Kodak Park.
Since filing for bankruptcy in January, the company has laid off more than 600 Rochester-area workers.
Kodak ended 2011 with just over 5,000 local employees. At its peak in 1982, the local work force was over 60,000.