BBC: Iberia to cut 4,500 jobs under IAG restructuring plan. 

1) Define business restructuring. [3] 

2) Explain the reasons to cut the workforce by the airline. [6] 

3) Analyse the role of trade union in restructuring of the company. [8] 

4) How the restructuring will effect the airline industry, Explain using your knowledge of economics.[6]

5) Using the information given in the text and theory of economics, discuss the impact of restructuring plan on the faltering economic growth in Europe.[8]