Innogy to restructure npower after failed deal with SSE - COO

ESSEN, Germany (Reuters) - German energy group will restructure its British retail unit npower, already subject to a fresh round of job cuts, after a planned joint venture deal with peer SSE fell apart, a board member said.

"Overall, the British retail business is not a cause for joy. Market conditions have constantly worsened," Martin Herrmann, chief operating officer of Innogy's retail business, told Reuters.

(Reporting by Tom Kaeckenhoff; Writing by Christoph Steitz; Editing by Riham Alkousaa)