Kodak to Eliminate up to 4,500 Jobs

ROCHESTER, NY—A fourth-quarter loss of $137 million has prompted Eastman Kodak to announce that between 3,500 and 4,500 jobs will be eliminated, representing between 14 to 18 percent of its total workforce. The company lost 51 cents a share in the fourth quarter, compared to a 75 cent per share profit ($215 million) during the same period the previous year.