Beverages supplier Coca-Cola Amatil will axe 260 jobs as part of a $100 million cost cutting campaign.
The job cuts will come in 2015 as part of the drinks giant's restructure plan, which has already removed more than 150 staff.
Human resources, IT and finance roles are to be affected by the latest cuts, mostly in Sydney, a company spokesperson said.
Coca-Cola Amatil announced in August an aim to cut costs by $100 million in Australasia over the next three years.
In September, 100 jobs were cut from its national supply chain, and another 57 jobs have since been lost at its Bayswater manufacturing facility in Melbourne, as production is moved to larger facilities.
Coca-Cola Amatil's profit dropped 16 per cent to $182.3 million in the first half of calendar 2014 amid weak consumer sentiment and aggressive competition.
Trading conditions in Australia continue to be challenging, Managing director Alison Watkins said on Monday.
Improvements are yet to be seen in the supermarket trade and in pubs, clubs, bottle shops and other outlets, she said.
But the recent launch of smaller cans and summer colours was tracking ahead of expectations in terms of transactions and attracting new customers.
The company has maintained its forecast of second half earnings in excess of the $316.7 million achieved in the first six months of the year, before significant items.
"This latest restructure, together with cost initiatives already in train, gives us a high level of confidence we will achieve our savings targets," Ms Watkins said.
Coca-Cola Amatil's Indonesian business continued to grow volumes and market share, but pricing and profitability remained under pressure because of competition and cost pressures, she added.
The company is pushing on with plans announced in October, and backed by its US parent The Coca-Cola Company, to expand in Indonesia.
Shareholders are due to meet on February 17 to vote on a $US500 million ($A540.98 million) cash injection from The Coca-Cola Company into the Indonesian business.
Morningstar analyst Daniel Mueller said Coca-Cola Amatil's restructuring initiatives would probably start to show benefits in 2015, and more likely in the second half.
Its shares dropped 16 cents, or 1.7 per cent, to $9.10.
