Kodak

Business & Technology
12:54 pm
Thu January 19, 2012

Kodak Files Chapter 11 Bankruptsy Protection

Eastman Kodak Co. has filed for Chapter 11 bankruptcy protection.  According to the company’s web-site, “the business reorganization is intended to bolster liquidity in the U.S. and abroad.”  That means turning intellectual property into cash and focusing on its more valuable business lines.

Kodak did not announce job cuts as part of the bankruptcy protection filing. Roughly 600 employees and contractors work at Kodak’s Kettering facility on Research Park.