Kodak discontinues black and white paper

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Eastman Kodak reported in June that it will discontinue its manufacture of black and white photographic paper by the end of the year. The product has become increasingly substituted by digital-imaging systems.

 

Kodak has declined to specify how many jobs will be affected at the Brazil plant where the paper is manufactured. The production shutdown is part of a three-year initiative by the firm to reduce its workforce to 50,000 by 2007, eliminating between 12,000 and 15,000 jobs.

 

The company has also announced that it expects to reduce capacity at its manufacturing operations in Chalon-Sur-Saone in France by the end of June 2006, in line with its consolidation of motion picture film facilities. It expects to take restructuring charges of $72 million for the move.

 

In other news, Kodak has announced the completion of its acquisition of Creo.