Photography Classes Rochester Ny
ROCHESTER, N.Y. - All those photos you shot years ago on film and
stuck in a scrapbook or shoebox theoretically will last for centuries.The phrase “Kodak moment” may survive for years to come as part of pop culture.But Kodak itself?Survival of the company that invented
film photography for the masses and technology for mobile phone
photography is far less certain as it transforms itself into part of the
commercial printing and packaging industry.The likelihood Kodak will get through
its ongoing Chapter 11 bankruptcy rises almost daily. Eleven months in,
Kodak has secured an $830 million line of credit from various
lenders—money that is supposed to carry it through the rest of its
bankruptcy and out the other side.And the company continues to maintain
it will come out of bankruptcy sometime in the first half of next year
as a pruned-down but finally profitable company.That post-bankruptcy Kodak will
barely resemble the company that filed for bankruptcy protection in
January. Desktop inkjet printer manufacturing will stop next year though
the company will continue to make the inks. Kodak expects to save $100
million next year by ending all the retiree health benefits it long has
provided. And the company estimates it has shed roughly 3,700 positions
worldwide this year, or roughly 1 in 5 workers, including numerous
middle and upper managers alongside hourly workers.
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