Waste management company Transpacific Industries will axe jobs as it looks to cut annual costs by $30 million.
The operator of the Cleanaway waste and recycling business says it will reduce management layers to simplify its operations, with drivers and customer service staff unaffected.
Newly installed chief executive Vik Bansal says the company's annual cost base will be reduced by $30 million by June 2017.
"These cost reductions will be achieved by reducing our corporate and administrative costs across the entire organisation and comprise of both labour and non-labour costs," he told the Transpacific annual general meeting.
"However, our customer facing areas such as drivers, customer service and sales staff will not be included in these cost reductions."
Transpacific shareholders on Friday approved the company's change of name to Cleanaway Waste Management, which the company has said reflects its move to a more simplified business model.
The company made a loss of $23.6 million in 2014/15 due to one off costs, though its Cleanaway division lifted revenue and underlying earnings.
Transpacific shares gained three cents to 68 cents.
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