Kodak said the exit - announced last week - was expected to result in a $30m (£19.1m) charge, including $20m in cash expenditure and $10m in the form of "special termination benefits from the company's defined benefit pension plans".

The decision, which was heralded last month when the company listed its digital camera business amongst the non-core areas that would be "managed for cash/value", forms part of the Kodak's ongoing restructuring programme.

Pradeep Jotwani, chief marketing officer and Consumer Business president, said Kodak's longstanding aim was to "improve margins in the capture device business by narrowing our participation in terms of product portfolio, geographies and retail outlets".

"Today's announcement is the logical extension of that process, given our analysis of the industry trends," he added.

Upon completion of the phase-out, Kodak's Consumer Business will include retail-based photo kiosks and digital dry labs, consumer inkjet printers, online products such as the Kodak Gallery and Facebook apps, universal camera accessories and batteries, and the traditional film capture and photographic paper business.