Eastman Kodak doubled its quarterly loss and announced a fresh series of cost-cutting moves on Thursday as the company continues to grapple with its multi-year transition into digital photography.

The moves include suspending its dividend, cutting executive salaries, and instituting mandatory unpaid leave for its US employees. Antonio Perez , chief executive, will reduce his salary by 15 per cent and the company’s board of directors will cut their salaries by 10 per cent. US-based employees will take a mandatory one week of unpaid leave before the year’s final pay period.