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Coca-Cola Amatil Limited (ASX:CCL) has outlined plans to cut 260 jobs next year as it strives to stabilise earnings and return to growth.
The beverage manufacturer says it is making good progress in implementing initiatives identified from its strategic review, including targeting savings of more than $100 million.
While the company believes trading conditions in Australia continue to be challenging it has confirmed second half EBIT is expected to exceed the first half.
Coca-Cola Amatil has also advised its shareholders will cast a vote on the proposed equity injection from The Coca-Cola Company on the February 17, 2015.
Coca-Cola Amatil’s net profit declined almost 16 per cent to $182.6 million in the first half of the 2014 financial year.