German energy group E.ON plans a 500-million-pound ($642 million) break-up of th...
FILE PHOTO: Johannes Teyssen, CEO of German utility E.ON arrives on stage for the company's annual shareholder meeting in Essen, Germany, May 14, 2019. REUTERS/Wolfgang Rattay/File Photo
E.ON’s plan includes managing Npower’s residential and small and medium-size business customers on the same platform as its own, while putting Npower’s industrial and commercial customers into a separate business. The rest of Npower will be closed. The shake-up will result in up to 4,500 job losses at Npower, British union UNISON said, nearly 80% of the division’s total staff.
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