I got this article in one of my market watch newsletters today......\n\n\nKodak (EK: news, chart, profile) plans include shuttering some manufacturing\nsites and reducing operations in some of its traditional businesses. The\nRochester, N.Y company expects to cut total facility square footage by about\none-third.\n"These plans are the consequence of market realities, and they will help us\nto fund a future for Kodak of sustainable, profitable growth," said Antonio\nPerez, president and chief operating officer in a statement.\n"They are absolutely required for Kodak to succeed in traditional markets as\nwell as the digital markets to which our businesses are rapidly shifting,"\nhe said. "We are committed to being the low-cost manufacturer and provider\nin all the markets we serve," the company said.\nA company spokesman was not immediately available to detail where Kodak\nexpects the job cuts to take place. Officials are in New York for an\ninvestor meeting later Thursday.\nDealers in London said the shares were bid up 14 cents. The stock closed at\n.46 on Wednesday, marking a 4 percent gain on the day.\nKodak is seeking to right foot itself as digital cameras and printers take\nmarket share from the traditional film and development industry. Kodak is\ncutting costs, slashed its dividend last year and is working to shift\ninvestment into the digital arena. In July, Kodak set plans to eliminate of\nup to 6,000 jobs over the year.\nOn Thursday, Kodak said it's seeking to cut costs by 0 million to </body>\nbillion by 2007.\nAs a result of the job cuts and disposals, Kodak is expecting cash and\nnon-cash charges around </body>.3 billion to </body>.7 billion during the next three\nyears. Of that, Kodak said it expects to spend about 0 million to 0\nmillion on severance-related costs and about 0 million to 0 million\nfor the disposal of buildings and equipment.\nSeparately, Kodak said net profit in its fourth quarter dropped 83 percent,\nmainly reflecting charges for its restructuring, to million, or 7 cents\nper share.\nSales surged 10 percent to .778 billion over the fourth quarter of 2002.\nExcluding the impact of the weaker dollar, sales rose 4 percent.\nEarnings from continuing operations were 70 cents a share. Stripping out an\n11-cent gain relating to employee-benefit and incentive-compensation\naccruals, Kodak's quarter came in one cent ahead of its outlook for earnings\nof 48 cents to 58 cents per share in the quarter. Analysts polled by Reuters\nResearch were expecting operating earnings at 52 cents a share.\nKodak expects operational per-share earnings to range between .25 and\n.55 in 2004 and GAAP earnings to range between 80 cents and </body>.30, a wide\nrange which implies either a decline or an increase over 2003.\n\nEmily Church is London bureau chief of CBS.MarketWatch.com.