No Raises For Kodak Executives

Published 07/16 2013 07:19PM

Updated 07/19 2013 11:06AM

Kodak is starting salary reviews and in a memo to employees it says executives will not be getting raises.

Kodak needs to set salaries before it emerges from bankruptcy. The company says wage increases for level one and level two workers will take effect October 7th. Kodak executives will not receive salary increases, except in countries where it is required by law. Executive salaries will be determined by the new board of directors after Kodak emerges from bankruptcy.

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