Organizational Shift at Kodak Sees Faraci's Departure

Kodak expects to reduce its workforce by approximately an additional 1,000 employees by the end of 2012. This year alone, Kodak has eliminated approximately 2,700 employees worldwide. The annualized savings generated by these headcount reductions, including compensation and benefits, is approximately $330 million. Kodak is also evaluating further operational and workforce reductions.