Eastman Kodak Co. has emerged from Chapter 11 bankruptcy with its employee pension plans intact.
The film company ended its 20-month bankruptcy proceeding without making changes to or eliminating benefits for nearly 63,000 people covered by its two pension plans.
The company worked with the Pension Benefit Guaranty Corp. to ensure that the plans would continue. It came out of bankruptcy as a leaner company focused on commercial imaging, like packaging and graphics, for business markets.
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