September 26, 1997 |
Eastman Kodak Co. said it will trim its management ranks by about 20% and consolidate assembly plants as Chairman George Fisher cuts costs in response to the deepest crisis in his four-year tenure. Kodak also will reduce its general and administrative staff by at least 10% in the first tangible moves since the photography company announced last week that third-quarter profit may be half that of the year-ago period.
July 29, 1992
Eastman Kodak Co. reported slightly higher second-quarter earnings on record sales. The Rochester, N.Y.-based photographic firm posted net earnings of $361 million, or $1.11 a share, up 1% from $357 million, or $1.10 a share, a year ago. Quarterly sales were $5.19 billion, an increase of 4% from $4.99 billion in the 1991 second quarter. Commenting on the results, Kodak Chairman and Chief Executive Kay R.