The job cuts represent a fifth of the worldwide workforce and will cost up to 922m in restructuring charges.
Most of the changes will occur as the company attempts to migrate its business strategy from its photographic film market to digital technology.
Restructuring plans include reducing manufacturing space by a third, consolidating operations and disposing of surplus assets in order to save 542m annually by 2007.
The companys results for the year to 31 December 2003 show that sales increased 10% to 2.05bn, although excluding exchange rate changes this was only 4%. Kodaks net earnings fell by two thirds to 143.8m.
Kodaks Commercial Imaging divisions sales increased 9% to 234.3m, while earnings from operations were unchanged at 26.6m.
Kodak completed the 130m acquisition of Scitex Digital Printing (SDP) earlier this year. SDP now operates as Kodak Versamark.
Eastman Kodaks UK corporate PR manager Jenny Wild said: This announcement only came through today [Thursday 22 January]. Many of the job cuts will take place in 2006 and it is too early for us to be specific about geographic locations or industry segments.
By John Davies
Have your say in the Printweek Poll
Related stories
Latest comments
"I walked away from working with these people, too much effort for little reward! nice people, wish them all the best for the future!"
"Does that mean we'll have to think up a new name for fine white-glazed porcelain ceramics? How about Spode? Or is that a bit too, well, English?"
"“Eucalyptus globulus is five to seven times more productive than Nordic Pine and requires significantly less wood (up to 40% less) to produce the same amount of paper."
"The company added..."
Up next...
Aims to enhance efficiency
New nationwide printing framework launched
Plate tariffs in US 'a big win'
Kodak invests in innovation as print wing posts loss
Was still working at 81