A month after it filed for Chapter 11 bankruptcy protection, Eastman Kodak Co. asked a federal court Monday to allow it to cut health care benefits for thousands of retirees.
Kodak said in a letter to its retirees that ever since it filed for bankruptcy protection, it had sought to "balance the needs of our retirees with the needs of the Company."
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
They can't make good on their promise to take care of past employees. But they had the cash to pay the CEO 10 mil in 2009 and 5 mil in 2010. I don't suppose they are asking that guy to refund his compensation, are they?
ReplyDelete