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Kodak to reduce workforce by 1,000 by end of 2012

Eastman Kodak announced its cutting more jobs. The company expects to cut another 1,000 workers worldwide by the end of the year. This is in addition to the 2,700 already cut so far this year. There was also a shakeup with the leadership. Company president Philip Faraci and Chief Financial Officer Antoinette McCorvey stepped down Monday.