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MEDIA CONTACT: Sharon Dickman sdickman@rochester.edu
585.275.4128
January 19, 2012
The news that Eastman Kodak is filing for bankruptcy reorganization is deeply saddening for Rochester. Kodak has been a vital part of our community for 130 years.
This does not mean that Kodak will be liquidated or that all of Kodak's current employees will lose their jobs. In the best outcome, Kodak will emerge from reorganization a smaller company with less overwhelming debt and a sustainable future.
Everyone in Rochester will reflect on this sobering news with a sense of gratitude for what Eastman Kodak has meant to our city; for George Eastman's visionary technology; for Eastman's generosity to our city and wider community; and for the tens of thousands of former Kodak employees who still reside here and enrich this community.
Rochester will very likely never know another Eastman Kodak, but it benefits from the economic, scientific, and cultural contributions of several institutions of higher education—including the University of Rochester and RIT—as well as an increasing number of vibrant start-up firms that directly or indirectly have been aided by Kodak. Rochester has embraced the transition to a knowledge economy, and, because of that, it has a bright future.
At the University of Rochester we will never forget Kodak or George Eastman. Kodak and George Eastman will forever be a part of our University because of our Kodak Hall at Eastman Theatre, the Eastman School of Music, and the Eastman Institute for Oral Health.
The University of Rochester (www.rochester.edu) is one of the nation's leading private universities. Located in Rochester, N.Y., the University gives students exceptional opportunities for interdisciplinary study and close collaboration with faculty through its unique cluster-based curriculum. Its College of Arts, Sciences, and Engineering is complemented by the Eastman School of Music, Simon School of Business, Warner School of Education, Laboratory for Laser Energetics, Schools of Medicine and Nursing, and the Memorial Art Gallery.
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