Kodak streamlines costs in Prosper inkjet business
Eastman Kodak says it expects to incur restructuring charges of $12 million to $17 million as part of an effort to streamline costs in its Prosper commercial inkjet business.
In a financial filing, Kodak said that $5 million to $7 million of those charges are related to separation benefits.
A spokesperson for Kodak didn’t have details on possible layoffs, but did note that the U.S. operations of the Prosper business are primarily located in Dayton, Ohio.
Kodak said in December that it would take longer than originally expected to sell the Prosper business, but an official said that the company remains in talks with potential buyers.
In that December announcement, Kodak said that it was evaluating ways to streamline the Prosper business to maximize performance and address marketing opportunities.