Naturgy suspends 300 workers in Spain on proposed cut to returns
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MADRID (Reuters) - Naturgy will temporarily suspend around 300 employees in Spain while it awaits the outcome of a regulatory proposal to limit the amount of income it can earn from investments in transporting and distributing gas, the utility said on Thursday.Spain's competition watchdog presented draft regulation in July cutting the fixed rates of return on such investments, prompting a sharp sell-off in gas company stocks.Naturgy said it was starting negotiations with labour unions on the..