Cash-Strapped Kodak Makes Moves to Cut Costs

camera Cash Strapped Kodak Makes Moves to Cut CostsEastman Kodak announced Tuesday that in effort to cut costs, increase shareholder value and speed up its digital transition, it has realigned and simplified its business structure, according to USA Today.

It has been a rough few past years for the 132-year-old massive photo company with so many consumers switching to digital. It said in November that it might run out of money within a year if it wasn’t able to sell off many of the patents it held, USA Today reported.

Kodak has now formed 2 business units instead of 3 and its hoping its printer, software and packaging businesses will more than double in size by 2013.

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