Germany's E.ON announces £500 million restructuring for UK's Npower
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FRANKFURT (Reuters) - German energy group E.ON on Friday announced a restructuring plan for its struggling British division, which includes Npower in a move it said would incur costs of 500 million pounds ($642 million).The plan includes closing parts of Npower and additional job cuts at the unit, one of Britain's 'Big Six' energy providers, which has been hurt by struggling competition and internal billing problems."The U.K. market is currently particularly challenging. We've emphasised..