We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The operation employed 80 in Rochester, and it is unclear whether the employees will be laid off or transferred. Kodak said that Windsor is the better choice for the thermal coating operations because it has two coating machines, while Rochester only has one.
Kodak filed for Chapter 11 bankruptcy in January, and has since been looking for ways to cut costs and operate more efficiently.
Kodak’s Windsor operations employ approximately 200.