Kodak provides details of restructuring plan

Eastman Kodak’s Health Imaging business this week provided details of its restructuring plan to boost profit margins, addressing several critical areas, including sales, service, distribution, and manufacturing. Details of the plan include:

• Reducing manufacturing and distribution costs as capacity is increased.

• Redesign of portions of the Health Imaging product portfolio to reduce manufacturing costs and improve reliability, lowering service costs.

• Additional training for service personnel, with expansion of post-warranty service and maintenance agreements business.

• Continued streamlining of order and customer interface processes.

Rochester, NY-based Kodak said it has launched 15 major new products and product-line extensions in 2001, 60% of which have been digital. In 2002, the company expects to launch 20 to 30 major new products, and 70% of those will be digital. It expects 30% to 35% of earnings next year will come from digital products.

By AuntMinnie.com staff writers
November 28, 2001

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