Share this article

print logo

POLAROID TO LAY OFF 950 WORKERS

Polaroid Corp. said Thursday it would lay off 950 workers, or about 11 percent of its global work force, in an effort to save $60 million annually.

About half the layoffs will occur in Massachusetts, with the rest "spread throughout the world," said Polaroid spokesman Skip Colcord.

Earlier this month, the company suspended a 15-cents-per-share dividend on its common stock for the first quarter.

There are no comments - be the first to comment