Learn English: Kodak's Financial Struggle: A Legacy at Risk (normal)

5 days, 20 hours ago

Kodak's Financial Struggle: A Legacy at Risk

Eastman Kodak, a photography icon for over a century, is battling severe financial difficulties that threaten its existence.

Facing a massive debt burden, the company lacks sufficient funds to meet upcoming payment obligations.

Their proposed solution, terminating the employee pension plan, raises ethical concerns and impacts thousands of individuals.

This situation underscores the challenges of adapting to technological changes and maintaining financial stability in a competitive market.

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Source

Original: Entrepreneur

Tags

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

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