{"id":24531,"date":"2009-01-30T14:03:00","date_gmt":"2009-01-30T14:03:00","guid":{"rendered":"http:\/\/amateurphotographer.co.uk\/uncategorized\/kodak-boss-these-are-extraordinary-times-24531"},"modified":"2014-09-02T17:36:31","modified_gmt":"2014-09-02T16:36:31","slug":"kodak-boss-these-are-extraordinary-times","status":"publish","type":"post","link":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-boss-these-are-extraordinary-times\/","title":{"rendered":"Kodak boss: These are \u2018extraordinary times\u2019"},"content":{"rendered":"

These are ?extraordinary times? said Eastman Kodak?s chief executive after announcing that almost one in five of the company?s global workforce face losing their jobs.<\/p>\n

Kodak is poised to cut between 3,500 and 4,500 staff ? up to 18% of the firm?s employees.<\/p>\n

?The second half of 2008 will go down in history as one of the most challenging periods we have seen in decades,? said Kodak boss Antonio Perez.<\/p>\n

Kodak recorded a net loss of $137m for the fourth quarter of last year.<\/p>\n

Its worldwide sales plunged 24% compared to the same period the year before. <\/p>\n

Sales of digital imaging products fell 30%, while film and photofinishing sales were 27% down.<\/p>\n

The news comes as British photo chain Jessops announced heavy losses<\/a>. <\/p>\n

Earlier today Jessops stated: ?These are the most difficult and uncertain retail trading conditions that we have seen in the photographic market for a long time.?<\/p>\n

But the global recession is not likely to fuel a downward trend in product prices for consumers anytime soon. <\/p>\n

Many UK photo firms<\/a> – including Nikon, Canon and Sigma – have already been forced to drastically raise their prices on the back of the plunging value of the pound.<\/p>\n","protected":false},"excerpt":{"rendered":"

These are \u2018extraordinary times\u2019 said Eastman Kodak\u2019s chief executive after announcing that almost one in five of the company\u2019s global workforce face losing their jobs.<\/p>\n","protected":false},"author":323,"featured_media":10920,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39],"tags":[],"product-category":[],"class_list":["post-24531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-photo-news"],"yoast_head":"\nKodak boss: These are \u2018extraordinary times\u2019 - Amateur Photographer<\/title>\n<meta name=\"description\" content=\"These are \u2018extraordinary times\u2019 said Eastman Kodak\u2019s chief executive after announcing that almost one in five of the company\u2019s global workforce face losing their jobs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-boss-these-are-extraordinary-times\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kodak boss: These are \u2018extraordinary times\u2019\" \/>\n<meta property=\"og:description\" content=\"These are \u2018extraordinary times\u2019 said Eastman Kodak\u2019s chief executive after announcing that almost one in five of the company\u2019s global workforce face losing their jobs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-boss-these-are-extraordinary-times\/\" \/>\n<meta property=\"og:site_name\" content=\"Amateur Photographer\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/Amateur.photographer.magazine\" \/>\n<meta property=\"article:published_time\" content=\"2009-01-30T14:03:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-09-02T16:36:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2012\/12\/kodak.low_1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"242\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rosee Woodland\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AP_Magazine\" \/>\n<meta name=\"twitter:site\" content=\"@AP_Magazine\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rosee Woodland\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-boss-these-are-extraordinary-times\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-boss-these-are-extraordinary-times\/\"},\"author\":{\"name\":\"Rosee Woodland\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/f95a396031978ed0ea69236f11b520a5\"},\"headline\":\"Kodak boss: These are \u2018extraordinary times\u2019\",\"datePublished\":\"2009-01-30T14:03:00+00:00\",\"dateModified\":\"2014-09-02T16:36:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-boss-these-are-extraordinary-times\/\"},\"wordCount\":199,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-boss-these-are-extraordinary-times\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2012\/12\/kodak.low_1.jpg\",\"articleSection\":[\"Latest news\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-boss-these-are-extraordinary-times\/\",\"url\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/kodak-boss-these-are-extraordinary-times\/\",\"name\":\"Kodak boss: These are \u2018extraordinary times\u2019 - 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