On Tuesday Kodak announced that they are freezing wages for all US employees. Seeing as they filed for bankruptcy protection in January, I wonder why it took them two months to get around to freezing wages. That is something that they should have done the day after they filed in the US Bankruptcy Court.
Kodak on Friday filed its first financial report since filling for bankruptcy protection. They had a net loss of $100.3 million in January and $97.3 million in February. Kodak had revenues of more than $312 million during the two-month period, with $168.1 million in February and $143.9 million in January.