Norwood, Mass. - The Polaroid Corp. has announced that it plans to wind down its instant film business, a response to the ever-growing popularity of digital photography.

The move will affect the company's two Massachusetts plants where it produces the instant film, in Norwood and Waltham, resulting in the loss of an estimated 150 jobs.

Tom Beaudoin, COO of Polaroid, told the Boston Globe that the company will only produce enough stock to satisfy demand into 2009.

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