FRANKFURT (Reuters) - German energy group E.ON (DE:EONGn) on Friday unveiled a restructuring plan for its struggling British division, which includes Npower, adding this would incur costs of 500 million pounds ($642 million).
The plan includes closing part of Npower and additional job cuts at Npower, one of Britain's 'Big Six' energy providers, which has been struggling for years due to fierce local competition and internal billing problems.