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Eastman Kodak announced the restructuring of management Tuesday.

In an employee memo CEO Antonio Perez said the company will now be divided into three separate groups and they will report directly to him.

The groups include a consumer group, a digital printing and enterprise group, and a graphics and commercial group.

The move comes after the company says it will simplify the organizational structure and reduce the company's cost.

Kodak filed for Chapter 11 bankruptcy protection earlier this year. 

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