Kodak to cut an extra 3,000 jobs

Kodak is taking time to establish itself in the digital age

Struggling US camera company Eastman Kodak is to cut at least 3,000 extra jobs this year as it continues efforts to fully adapt to the digital age.

Confirming that its four years of restructuring work will finish by the end of 2007, it said it would now axe between 28,000 and 30,000 positions.

The US firm had previously targeted cutting 25,000 to 27,000 global jobs.

Kodak, which recently made its first quarterly profit in two years, has so far reduced staff numbers by 23,300.

'Right on track'

"The dream was that we would wake up in 2008 with the digital company that we want to have," said Kodak's chief executive Antonio Perez.

"We're still right on that track, we will finish this year."

Following the end of its restructuring, Kodak will be left with a workforce of around 30,000, its lowest level since the 1930s.

Kodak, which used to make most of its money from the sale of traditional photo film, has struggled to keep up with the switch to digital photography.