Despite Eastman Kodak Co.'s attempts to push into digital photography, the company posted Tuesday its seventh quarterly loss in a row. In response, the 126-year-old film pioneer moved to axe 2,000 more jobs as it struggles to shift away from its dying film business. The restructuring costs are dragging down its bottom line. The company incurred $214 million in restructuring costs in the second quarter, leading Kodak to lose $282 million, or 98 cents a share, in the April-June quarter, almost double its loss of $155 million, or 54 cents a share, in last year's second quarter. As sales for film, once Kodak's cash cow, continue to dry up, revenues fell 9% to $3.36 billion from $3.69 billion a year ago. BusinessWeek interviewed Kodak's Antonio Perez and The Deal's Corporate Dealmaker magazine interviewed former Kodak executive David Monderer about the restructuring. Read both for some interesting insight. —Matthew Wurtzel
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