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International Business Times
International Business Times
World
Carla St. Louis

DARK SECRETS: Kodak considering terminating 3 5 billion pension plan report - The Real Truth

LAS VEGAS, NV - JANUARY 10: A sign is lit at the Kodak booth at the 2012 International Consumer Electronics Show at the Las Vegas Convention Center January 10, 2012 in Las Vegas, Nevada. (Credit: Kevork Djansezian/Getty Images)

Eastman Kodak has begun taking steps to end its $3.5 billion pension plan, agreeing to sell private equity and other illiquid assets attached to it.

The agreement was made public by a regulatory filing on Monday and is an effort for the company to unlock cash and reduce debt, according to the Wall Street Journal.

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