Eastman Retirees Concerned about Possible Loss of Benefits
Posted/updated on: March 11, 2012 at 5:00 pm
LONGVIEW — 16,000 Eastman Kodak retirees could soon lose their benefits. As part of the company’s Chapter 11 reorganization, the company is trying to cut the benefits to emerge from Chapter 11 more quickly. If approved, the company will save more than $200 million annually. But Texas Eastman retirees tell KETK they are not happy about the situation — especially because they were promised benefits for life when they retired. One retiree, Thurmond McGuire, is trying to contact all Texas Eastman retirees who’ll be affected by the cuts.
