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HP Inc is cutting almost 500 jobs at its north Kildare operation over the next 12 months as it closes its global print business at its Leixlip site.

In a statement, the company said it was “likely” that close to 500 HP employees will lose their jobs as part of the closure.

The company currently employs around 500 people at the facility. A small staff will stay on to maintain a local presence in Ireland, with the company confirming it would keep a small sales team here.

“This decision is not a reflection on our Ireland employees or on the site’s performance,” the company said. “Ireland will remain a key market for HP, where we will maintain the sales operations for our printing and personal systems business.”

However, Hewlett Packard Enterprise, which is located at the same Leixlip site, is unaffected by the cuts. The cloud computing and software business, which was split from the PC and printer division in November 2015, is believed to employ around 2,000 people.

The news will come as a blow to the affected staff, and is part of a global restructuring announced by HP Inc in October last year. The company said it would cut between 3,000 and 4,000 jobs worldwide. The move is expected to save the company between $200 million and $300 million per year.

“It’s really about the need to consolidate to fewer sites. Ireland, relatively speaking, is a smaller site and we see an opportunity to move activities to larger sites, consolidate those activities there and to achieve operational efficiencies and organisational efficiencies as well,” said HP Inc’s general manager Maurice O’Connell.

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