Kodak’s second largest concentration of employees, outside of its Rochester, N.Y. headquarters, is in Kettering. There, Kodak has several hundred workers working on products that the company has said will be part of its future, commercial inkjet printers. The company laid off at least 66 local employees in the spring of 2012.
The documents filed Tuesday describe a settlement reached with Kodak’s largest creditor, the U.K. Kodak pension plan, which settles $2.8 billion in claims, Kodak said.
The company expects the court to schedule a hearing in mid-June to determine the next steps. Kodak said it expects to schedule a vote on the plan by creditors. The company plans to emerge from Chapter 11 restructuring in the third quarter of 2013.
“We now have a clear path forward for Kodak, and we are positioning the company for a profitable and sustainable future,” Antonio Perez, Kodak’s chairman and chief executive, said in the company’s statement.
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