Kodak said Friday that it plans to stop selling consumer inkjet printers and will eliminate 200 more jobs than previously projected as it requested more time to submit its framework for emerging from bankruptcy protection.
The Rochester, New York-based company, which filed for bankruptcy protection in January, wants the court to extend the exclusivity period for the filing of its plan until Feb. 28. After the exclusivity period expires, creditors may file competing plans.
In the months since its filing, Eastman Kodak Co. has worked to reshape itself, selling off businesses, eliminating jobs and slashing other costs, with the goal of emerging from court protection in 2013.
Kodak said earlier this year that it would stop making digital cameras, pocket video cameras and digital picture frames. Earlier this year, it sold Kodak Gallery, its online photo service business, to Shutterfly Inc. for $23.8 million.
Kodak was founded in 1880, and it introduced the iconic Brownie camera in 1900, making hobby photography affordable for many people. Its Kodachrome film, introduced in 1935, became the first commercially successful amateur color film.