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Kodak may soon file for bankruptcy
The end of an era: According to sources reported by The Wall Street Journal, the Eastman Kodak company sits on the verge of Chapter 11 bankruptcy, and is expected to file within the next couple weeks. Once a colossus in the world of film, advancements in digital technology inevitably hurt the company’s profits, straining an outdated business model; they’ve failed to turn a profit five of the last six years. Kodak employs about 19,000 people, and has heavy responsibilities to retirees — this is certainly not what the private sector job market needs right now. (Photo courtesy of alf sigaro) source
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The end of an era: According to sources reported by The Wall Street Journal, the Eastman Kodak company sits on the verge of Chapter 11 bankruptcy, and is expected to file within the next couple weeks. Once a colossus in the world of film, advancements in digital technology inevitably hurt the company’s profits, straining an outdated business model; they’ve failed to turn a profit five of the last six years. Kodak employs about 19,000 people, and has heavy responsibilities to retirees — this is certainly not what the private sector job market needs right now. (Photo courtesy of alf sigarosource

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January 4, 2012 // 21:07 // 2 years ago
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101 notes from really cool Tumblrs like ours. Click to read.

  1. thepunctum reblogged this from shortformblog
  2. lormilabruh reblogged this from mandooowwn
  3. xo-lovinthecrew reblogged this from theyoungenigma and added:
    I miss film cameras, honestly. Though it is nice to see the pictures right as you take them, sometimes it was nicer...
  4. theyoungenigma reblogged this from littlegirlinwaiting and added:
    Ok NOW I’m scared. Between kodak going by the wayside, print magazines dropping left and right, physical instruction...
  5. littlegirlinwaiting reblogged this from afternoonsnoozebutton
  6. mandooowwn reblogged this from afternoonsnoozebutton
  7. superawknerd reblogged this from afternoonsnoozebutton
  8. okorogariist reblogged this from shortformblog
  9. mattmeetstheinternet reblogged this from shortformblog and added:
    Kodak may soon file for bankruptcy The end of an era: According to sources reported by The Wall Street Journal, the...
  10. ennui-the-viii reblogged this from shortformblog
  11. saffaux reblogged this from kenshiro28 and added:
    The old school photography lab in high school was so boss. There is something so satisfying about developing your own...
  12. youngradiolarians reblogged this from songswithoutwords and added:
    Yeah, not what I need to see when I’m considering moving back to Rochester :[
  13. fvckyedoni62788 reblogged this from shortformblog
  14. cheenaroonie reblogged this from cherriesontop and added:
    Dammit :(
  15. sonipaul reblogged this from shortformblog
  16. liveitwrite reblogged this from afternoonsnoozebutton
  17. slacktologie reblogged this from shortformblog and added:
    Scary.
  18. alovesofine reblogged this from shortformblog and added:
    Oh dear.
  19. songswithoutwords reblogged this from alltreesareoaks and added:
    This would be devastating for Rochester, a city already suffering serious economic depression. Certainly do not want.
  20. alltreesareoaks reblogged this from shortformblog and added:
    crying
  21. youareliketheseasons reblogged this from gracefree
  22. gracefree reblogged this from shortformblog
  23. thatsturrble reblogged this from afternoonsnoozebutton
  24. vangielyn reblogged this from cherriesontop
  25. girlwithlandscape reblogged this from shortformblog and added:
    Holy shit! I grew up in Rochester, NY and...employs—either directly or indirectly—like...
  26. kenshiro28 reblogged this from shortformblog and added:
    Unrelated, but I really really wish I had gotten into photography sometimes. Like, maybe if I hadn’t hated on...
  27. olycam reblogged this from shortformblog and added:
    sad, but hardly surprising. But I MUST have my Tri-X.
  28. kindaclever reblogged this from shortformblog and added:
    Womp :(((
  29. permatemp reblogged this from shortformblog
  30. the--lord reblogged this from afternoonsnoozebutton
  31. secretsforabuck reblogged this from afternoonsnoozebutton
  32. myexternalharddrive reblogged this from shortformblog and added:
    Oh no!
  33. cherriesontop reblogged this from anythingphotography and added:
    *sniffles*
  34. jessiehtang reblogged this from shortformblog
  35. dharmathroughkarma reblogged this from afternoonsnoozebutton and added:
    I’m worried about this..mostly when newspapers will be next…
  36. apollohale reblogged this from shortformblog