Rochester (WSYR-TV/WROC-TV) – A company that was once an economic powerhouse based in Western New York hopes it has taken its first stride back to prominence.
All eyes are on Kodak as the company has successfully emerged from Chapter 11.
Kodak filed for bankruptcy in January 2012.
Over the last 20 months, Kodak has undertaken a series of moves it hopes will make it a viable force in the marketplace again.
The company borrowed roughly $830 million, underwent a series of layoffs, and eliminated healthcare benefits for retirees.
It also rebranded itself as a B2B company that focuses on commercial printing and packaging