Embattled imaging company Kodak has announced plans to cut another 1,000 jobs.
Kodak said the move will help the firm save nearly 330 million dollars in salary and benefits.
We recognize that we must significantly and expeditiously reduce our current cost structure,which is designed for a much larger,more diversified set of businesses, Kodak chairman and CEO Antonio Perez said.
The firm has already laid off 2,700 employees from its workforce since the beginning of 2012,CNET reports.
According to the report,Kodak didn’t necessarily leave out the possibility of more cuts.
In fact,the firm said that it’s continuing to analyze further operational and workforce reductions.
Kodak also announced that its president,Philip Faraci,and CFO Antoinette McCorvey is also leaving the company.