Coca-Cola Amatil is to cut up to 260 “non-frontline” jobs as the owner of Australia-based food business SPC Ardmona looks to cut costs and improve productivity.
A review of the business announced in October is looking to “address the structural challenges” faced by the group, MD Alison Watkins said today (8 December).
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One of the initiatives that came out of the review was a “step-change in productivity”, Watkins said.
The review targets A$100m (US$83m) in savings in Australia from procurement, reduced support costs and improved productivity from the investments made in supply chain and IT over the past five years.
The latest set of job cuts are to start taking effect in 2015. Watkins said: “This latest restructure, together with cost initiatives already in train, gives us a high level of confidence we will achieve our savings targets.”
The firm said it expected second-half group EBIT to exceed first-half earnings of A$316.7m before significant items.
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