In late January 2009, the university entered into consultation with staff on around 133 jobs at Cambridge Printing Services Limited (CPSL).
However, following talks between staff, the university and the union Unite, 72 jobs have been retained within the printing arm.
A further 25 positions have been redeployed to other parts of the university, although 48 staff are to be made redundant through the restructuring.
According to CUP, the printing operation had been running at a loss, which would have cost it an anticipated £2m each year from 2009 onwards.
Although printing for foreign markets will now take place locally, CUP has increased the level of print carried out for internal departments.
The focus at the Cambridge site will be on the production of academic and professional books and research journals, as well as English language teaching publications. An element of external work will also remain printed at the press.
According to Ann Field, national officer at Unite, the closing of the consultation is the end of a chapter but not the end of the story for employees at the press.
"Although the loss of any jobs will be painful for people affected, Unite members, chapel reps and union officials are glad that more jobs have been saved and that printing will continue, including an element of colour work."
Those made redundant will be eligible to redundancy terms that include a £3,000 grant to help each individual find a new job and train in other sectors.
CUP chief executive Stephen Bourne said: "While we are all pleased that the number of redundancies is far lower than we originally anticipated, it is still a difficult time for all involved and we will be doing all we can to support our colleagues during this process.
"I would like to thank our staff, their union representatives working in the printing business and the union Unite for working with us so constructively."
Elsewhere in the university, two thirds of the 30 positions anticipated to be cut within its publishing arm have been saved. The 10 to go are spread across CUP's UK Education publishing business and the Cambridge–Hitachi joint venture.
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Hundreds march against CUP job cut plans
Union pressure helps save 72 jobs at Cambridge University Press print arm
More than half the printing jobs placed on the line at Cambridge University Press (CUP) have been saved following intense pressure from Unite during the 90-day consultation.
