Polaroid Closing Two Bay State Plants; Laying Off 150
Robert Buderi2/8/08
Pioneering instant film company Polaroid is closing two Massachusetts film manufacturing plants—in Norwood and Waltham—as it discards the core technology that made it a household name to focus on digital photography and flat-panel TVs, the Boston Globe reports. About 150 jobs will be eliminated as part of the closures, which should be completed this quarter. The Globe‘s Hiawatha Bray reports that Polaroid will retain some 150 executive and administrative employees at its Concord headquarters and a satellite office in Waltham. In the late 1970s, the Globe reports, Polaroid had about 15,000 Bay State employees.
Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926, or follow him on Twitter at http://twitter.com/bbuderi.
