Learn English: Kodak's Financial Trouble and Uncertain Future (hard)

5 days, 20 hours ago

Kodak's Financial Trouble and Uncertain Future

The 133-year-old photography giant, Eastman Kodak, faces a significant financial crisis, jeopardizing its continued operation.

Unable to meet substantial debt payments, Kodak is exploring drastic measures to secure the necessary funds for survival.

A controversial plan involves ending its retirement pension plan, impacting thousands of current and former employees.

This decision highlights the dramatic challenges facing even iconic legacy companies in today's rapidly evolving market.

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Source

Original: Entrepreneur

Tags

#Kodak #Financial Crisis #Pension Plan #Debt #Business

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