Kodak News; March 19 – 23, 2012

Kodak i2600 Scanner

One of my friends received a lay-off notice on Monday after working at Kodak for 20 years . He is just of the small lay-offs that Kodak is doing that don’t make the news. He is a great worker and will find another job but it will undoubtedly affect his family in the short term. His father retired from Kodak and he thought Kodak would also be his employer for his whole career. Kodak’s bankruptcy affects lots of people in Rochester that you don’t hear about.

The Kodak i2600 Scanner (right) was recognized by PCMag as the best of 2011. PCMag says the scanner surpassed industry standard benchmarks to earn a four-of-five stars review and a gold rating. This isn’t a home scanner. It is a heavy duty machine for business. It has a 75 sheet automatic document feeder, can scan up 4000 pages a day and also can scan up to 1200dpi. The list price is $1,195.

There was a hearing in U.S. Bankruptcy Court in Manhattan on Tuesday. Judge Allan Gropper postponed a decision on Kodak’s request to end medical benefits for retirees.  A retiree organization has asked for  a committee to be formed governing retiree benefits. Judge Gropper said the forming of the committee should be decided before a ruling is made on cutting medical benefits.

Also in the bankruptcy hearing, Judge Gropper said that potential bidders on Kodak Gallery website have until April 20 to submit offers over the $23.8 million bid by Shutterfly. If multiple bids are received, an auction would be held on April 26, with a hearing to approve a deal set for April 30.

Kodak CEO Antonio Perez lost a job this week. He and Paul Francis, served as co-chairs on the NY State “Spending and Government Efficiency” (SAGE) Commission. They were replaced by Lt. Governor Robert Duffy. Francis will now serve as vice-chair. Governor Cuomo says the SAGE Commission is undertaking the first major redesign of state government since 1927 and will find ways “to make government work better for the people of New York.” Lt. Gov. Duffy is well known in Rochester as former Chief of Police and Mayor.