Catherwood LibraryILR School

European firms have warned their governments that a 40 percent cut in the guaranteed minimum price for white sugar would hit profits and may lead to job losses. The World Trade Organization has put pressure on the EU to end its subsidies, which the WTO calls illegal. But it is feared that the subsidy cuts could all but eliminate production in Italy, Portugal, Greece and Ireland while reducing output in some other countries, thus causing significant job loss throughout the industry.