Telefónica has proposed plans to cut up to 5,000 jobs in Spain.

As reported by the Financial Times, the telco has presented the plans to unions, as the company pushes on with its plans to consolidate its operations to four markets.  

It comes a week after reports in Spain noted that Telefónica was getting ready to carry out an employment regulation plan (ERE) in seven of the group's companies, including Telefónica de España, with up to 7,000 jobs potentially lost.

Going back even further, Spanish publication El Confidencial reported in March that the telco was considering plans to layoff 4,000-5,000 members of staff.

Other groups set to be impacted include Telefónica Móviles, Telefónica Soluciones, Telefónica S.A., Telefónica Global Solutions, Telefónica Innovación Digital, and Movistar+.

However, reports this week suggest the layoffs could end up being lower.

The FT reports that the carrier plans to cut 3,650 roles at Telefónica Spain, which is around 41 percent of all jobs within this unit, plus around 1,100 staff at Telefónica Mobile and around 270 at Telefónica Solutions.

Further meetings with unions are expected to take place this week. Telefónica hasn't commented publicly on the planned layoffs.

Earlier this month, Telefónica CEO Marc Murtra unveiled the company's five-year strategic plan, which includes plans to deliver cost savings of €3 billion ($3.46bn) by 2030.