Xerox to cut 3000 jobs

The cuts will be made primarily in the administration and manufacturing departments of the company, with no job losses expected in the sales department.

The cuts are projected to save the company $US200m ($AU322m) next year, after incurring a one-off $US400m ($AU644m) charge in redundancies.

“We’re accelerating actions to reduce our cost base and drive operational improvements across the board, giving us more flexibility in our business and in this unpredictable economy,” said Xerox chief executive Anne Mulcahy (pictured).

The company’s total revenue for the three months ending 30 September grew 2% to $US4.4bn ($AU6.76bn), with post-sale revenue increasing more than 3% from $US3.15bn ($AU4.84bn) to $US3.26bn ($AU4.99bn), while equipment sale revenues dipped 3% to $US1.13bn ($AU1.73bn).

The company generated an operating cash flow of $US260m ($AU400m) that brings its total this year to the $US754m ($AU1.16bn) mark, while its Global Services arm generated annuity revenue of $US2.6bn ($AU4bn), a 6% jump on the previous year.

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