Coca-Cola Amatil to axe 260 jobs

Most of the 260 roles to be axed in 2015 are human resources, IT and finance jobs located mainly in Sydney.

A Coca-Cola Amatil sign

Coca-Cola Amatil will axe 260 jobs as it undertakes a 100-million dollar cost cutting campaign. (AAP)

Beverages supplier Coca-Cola Amatil (CCA) will axe more jobs as part of its $100 million cost-cutting campaign.

Two hundred and sixty positions will be cut in 2015 as part of the drinks giant's restructure plan.

A company spokesperson said the jobs were in the areas of human resources, IT and finance, and were mostly located in Sydney.

No one would lose their job before Christmas in this latest round of redundancies.

CCA's profit dropped 16 per cent to $182.3 million in the first half of calendar 2014 amid weak consumer sentiment and aggressive competition.

The company announced in August that it aimed to cut costs by $100 million in Australasia over the next three years.

In September, CCA cut 100 jobs from its national supply chain.

In October, CCA announced that 57 jobs would go at its Bayswater manufacturing facility in Melbourne, and production would be moved to larger facilities.

CCA group managing director Alison Watkins on Monday said Australia's trading conditions continued to be challenging.

The company was yet to see improvements in the supermarket trade and in pubs, clubs, bottle shops and other outlets.

Nonetheless, the recent launch of smaller cans and cans in a range of summer colours was tracking ahead of expectations in terms of transactions and attracting new customers.

Ms Watkins on Monday maintained the company's forecast of second half earnings exceeding the $316.7 million recorded in the first six months of the calendar 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," shes said in a statement.


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