Spanish telco MásOrange is set to cut around 10 percent of its workforce.

The telco, which was formed earlier this year following the completion of Orange and MásMóvil, plans to cut up to 795 jobs.

"Since the merger, the company has identified redundancies within the workforce...It will affect a maximum of 10 percent of employees and will be voluntary," said a MásOrange spokesperson to Reuters.

The company, which has more than 30 million customers, said it expects the move to save $541.89 million per year by the fourth year of the deal's closure.

Negotiations over the layoffs are anticipated to begin later this month.

However, the plans will face heavy opposition from the Spanish union, Unión General de Trabajadores (UGT), which said it rejects the proposal that it notes "further contributes to the destruction of well-trained, well-paid jobs."

UGT tussled with another Spanish carrier, Vodafone, earlier this year over job cuts.

The union managed to reduce the amount of job losses by a quarter. UGT reached an agreement to terminate the employment of 898 workers at the telco. It had initially been expected that 1,200 people would lose their jobs.

Elsewhere this week, Swedish telco Telia announced plans to cut 3,000 jobs.