New York: Xerox is planning to cut some 2,500 jobs, or five percent of its workforce, in a cost-cutting move aimed at saving some 200 million dollars a year. The company has already slashed 3,500 jobs starting in late 2008. Xerox CEO Ursula Burns announced the latest job cuts during a presentation of the photocopier company's fourth-quarter results. Although Burns said that some of the job losses would come in Europe, she did not give a figure. The restructuring would cost 280 million dollars this year with 30 million dollars related to Xerox's $6.4 billion acquisition of Affiliated Computer Services, the world's largest diversified business outsourcing firm. Burns said that she expected the ACS acquisition to close next month. "Once completed, Xerox will be the world leader in business process and document management," she said. Xerox's net profit rose to 180 million dollars in the fourth quarter from one million dollars in the corresponding quarter a year ago. "We delivered a strong close to a difficult year, with solid operational results that reflect our disciplined approach to generating cash and reducing costs," Burns said in a statement. "During the fourth quarter, we saw signs of improvement in several areas including developing markets, and we remain quite confident in our strong global competitive position."