FUEL supplier Caltex will cut 10 per cent of its Australian workforce, or 350 jobs, over the next 12 months, as part of a company-wide restructure.
The cuts follow 400 job losses after Caltex decided to close its Kurnell refinery in Sydney in 2012.
Caltex chief executive Julian Segal said the cost and efficiency review, dubbed "blank slate", would ensure Caltex remained competitive and performed better.
"This is not just a cost-out program but a holistic review of operations and efficiency across the whole organisation," Mr Segal said on Monday.
Caltex plans to cut 150 jobs from its marketing arm, 120 corporate support roles and up to 80 distribution and support roles. The job losses are related to a cost and efficiency review Caltex launched as part of its move away from fuel refining.
Mr Segal said Caltex was looking at growth opportunities in distribution, marketing and new areas.
The announcement came as the company lifted its first-half net profit by 1 per cent to $173 million.