Kodak Bankruptcy
text size

Kodak workers focusing on the future

Updated: Wednesday, August 21 2013, 02:15 PM EDT

Rochester, N.Y. -- Kim DeMarco has worked at Kodak 25 years and said she spent the last 15 of those years worrying every time there is a layoff.

Kim works in Research and Development. She said the company has lost a lot of good people but she believes it will grow again once the bankruptcy process is over.

Kim said one thing she and other workers have had to do is to be versatile and do many jobs.

She told us she is trying to remain optimistic: "We'll be smaller, but we'll be around."

Kim said she is confident that with a new focus on commercial products, a new board of directors and eventually, new management, Kodak will continue to be a force in Rochester.

Kodak once boasted a workforce of 55,000 to 60,000 people in Rochester.

That number dropped to 20,000 employees in 2003. 

Today there are 3,500 workers.

Financial Planner Glen Cone said Kodak will have a presence here but will have to continue to evolve once this process is over.

Kodak tells us its focus post-bankruptcy will be on commercial products, like the inkjet printer and commercial press.

They will also focus on graphics and commercial film for Hollywood and the entertainment industry.

Cone said other companies have found success after emerging from bankruptcy, but he said what matters most now is that creditors will be paid something, at least and Kodak can start with a clean slate.

Shareholders will walk away with nothing. Cone said while that is sad and seems unfair, he said that's the risk you take when you invest in stock in any company.

He said right now employees, the company and the community needs to focus on getting past the bankruptcy and trying to move forward.  

Cone told us, "On the emotional side, we all need to get it behind us and move on."

Kodak workers focusing on the future

Advertise with us!

Related Stories

Top Stories


Top Stories

  [ - ] Video Stories Only  [ - ] Text Stories Only  [ + ] Show All
Advertise with us!