Business Services Industry
Office Equipment Firm Danka's Financial Woes Lead to Layoffs at Kodak.
Knight Ridder/Tribune Business News, November, 1998 by Sachdev, Ameet
Knight Ridder/Tribune Business News
Nov. 11--ROCHESTER, N.Y.--Problems at Danka Business Systems PLC in the Tampa Bay area are rippling through Eastman Kodak Co.'s hometown, which already has been battered by several rounds of layoffs at the world's biggest photography company.
Kodak said Tuesday that it eliminated 300 jobs at its copier-manufacturing division in Rochester because of slowing sales to Danka, its main customer. Kodak sold the division's sales and service operations to Danka two years ago for $588-million and agreed to continue supplying copiers and parts to the St. Petersburg office-equipment distributor for up to 10 years.
But Danka has failed to meet aggressive sales goals because of woes stemming from the integration of the...
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