Kodak Gains Court Approval for Bankruptcy Plan

Kodak entered bankruptcy protection with around 17,000 employees and will exit with 8,500. From 2003 until its January 2012 Chapter 11 filing, Kodak shed 47,000 employees and closed 13 factories that made film, paper and chemicals. Also gone are 130 photo labs.

According to the plan, Kodak will now focus on touchscreen sensor components for smartphones and computer tablets. It will continue to produce film for the movie industry and, of course, it will continue to serve the commercial printing industry with digital presses and related technologies.