Hundreds more jobs will go at chocolate maker Darrell Lea following a deal to sell the company.
The company has now been sold to the Quinn Family, which will restructure the business, according to the Brisbane Times.
The restructuring will cut 246 permanent jobs and 172 casual positions from its stores.
Another 27 stores will also be forced to close their doors.
This comes after the confectionary company cut another 200 jobs last month.
Under the restructure only 83 employees will remain at the company.
Darrell Lea initially entered into administration in July.
"The Lea family acknowledges that this has been a very challenging period for everybody involved with the Darrell Lea business," the family said in a statement.
"The family believes that it has acted to the best of its ability to protect the interests of staff, licensees, suppliers and other key stakeholders."