HP will be cutting 3,000 to 4,000 jobs over the next three years, according to the company’s financial outlook for 2017.

HP Asia Pacific analyst relations manager Brad Swiney could not confirm if the cuts will affect Australian workers or HP’s commercial printing business.

He tells Australian Printer, “As part of our plan, during the next three years we expect to implement both labour and non-labour restructuring activities, including 3,000 to 4,000 people exiting the company between FY17 and FY19.

“The range is related to the outcome of key outsourcing decisions. HP has a strong record of success in placing employees in outsources roles to mitigate the headcount number.”

The restructuring plan is expected to save HP between US$200m and US$300m as the company struggles with weakened demand for its PCs and printers, according to a statement from HP.

HP formed after the split from Hewlett-Packard Co last year, and has since attempted to boost its profitability outside of PCs. 

In September it entered a deal to purchase Samsung Electronics’ printer business for $US1.05bn in a bid to help the company expand its printing business to the A3 market.

HP is the world’s biggest wide format printer manufacturer, and owns the HP Indigo digital printing systems business, which is market leader in its class. At drupa HP was the biggest exhibitor, taking the whole of Hall 17 and having some 53 different print solutions on the floor.

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