Kodak Eliminates Another 10,000 Jobs - More Proof Bush Economy In The Tank

First it was 12,000 to 15,000 layoffs targeted 18 months ago, now Eastman Kodak in Rochester NY has announced that it will eliminate an additional 10,000 jobs. As reported by Associated Press The lightning transition to a world without film is forcing an extreme makeover at the world's biggest maker of the product and coincided with the disclosure of a second-quarter loss. The company's shares dipped more than 2 percent. Kodak's new chief executive, Antonio Perez, said "Sales of our consumer traditional products are declining faster than expected".... "Although we have been moving rapidly to get our costs down ... we are picking up the pace dramatically. This is what the company needs to succeed as a digital company." The disturbing thing about this massive amount of job elimination is that the majority will hit the City of Rochester NY. A city that enjoys the claim of the third largest urban area in New York State with a population of of 219,773 could lose the majority of the 7000 jobs in the manufacturing area. According to The Rochester Democrat & Chronicle The new cuts will almost certainly end Kodak’s decades long run as the region’s largest employer. At the end of 2004, Kodak employed 16,300 people in Rochester, just ahead of the University of Rochester and its medical center. Just imagine, if the jobloss numbers are acurate, 7000 people out of work in ONE CITY that employs over 16000 of its' population. And thanks to a budget that had a record surplus in the Clinton era, and is now a record deficit because it was piddled away by King George through his needless war and even more needless tax cuts to the most wealthy, many of these people will suffer unemployment for years to come and the Rochester region will take a massive hit to its' economy. That my friends is downright tragic and disgusting!