“Kodak is heading for bankruptcy”

In 1892 established the American company, Eastman Kodak would struggle to get his head above water, to keep. It would try to patent and sell loans of banks to obtain, but are heading for bankruptcy if that fails.

Kodak would share its portfolio of 1100 patents to try to sell to a bankruptcy to stave off. The company would, however, consider a scenario where that is not possible and there is a so-called Chapter 11 status requested. This is a kind of moratorium proceedings involving an American company, continues to doorfunctioneren and reorganizations change in an attempt to bring the business to put in order. Kodak would be about a billion dollars of loans try to arrange for the possible procedures to be operational to be able to continue, message to the Wall Street Journal.

Eastman Kodak was founded in 1892 and currently has around 19,000 employees. The company is in the twentieth century become great with films, but in the eighties and nineties came the company is already in trouble due to increased competition and, later, the emergence of digital photography. Kodak tried to survive by itself on that market and on printers, but there seems to be not successful enough foot on the ground to get to those markets. For that reason and the high costs that Kodak has pension and healthcare costs of employees and ex-employees, would the group not beloved m & a target, which the future of Kodak remains uncertain.