Kodak wants more time to file restructuring plan

Kodak asks judge for more time to file plan, plans to wind down consumer printer sales

Associated Press

ROCHESTER, N.Y. (AP) -- Kodak says it needs more time to submit its restructuring plan.

The Rochester, N.Y.-based company also says it plans to stop selling consumer inkjet printers and eliminate 200 more jobs than previously projected.

Kodak filed for bankruptcy protection in January. It now wants the court to give it until Feb. 28 to file its plan.

Eastman Kodak Co. said earlier this year that it would stop making digital cameras, pocket video cameras and digital picture frames. The company says it now plans to focus its consumer inkjet business on the sale of ink and start winding down sales of printers next year.

The company has already cut 2,700 jobs this year. It originally planned to cut at least another 1,000 jobs, but boosted that figure to 1,200 on Friday.

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