Renowned German Photobook Publisher Steidl Faces Bankruptcy
A court is reviewing claims that Steidl delayed employee pay by five or six months as multiple labor lawsuits remain pending.
10 Articles
10 Articles
A German publishing house with exclusive rights to a Nobel Prize winner is broke.
Renowned German Photobook Publisher Steidl Faces Bankruptcy
Steidl, the internationally known German-language publisher founded in 1969 in Göttingen, Germany, by Gerhard Steidl, is in the throes of financial difficulties so severe that it has wound up in court. German daily Der Spiegel reports that the publisher filed to start preliminary insolvency proceedings on July 12 after struggling to pay employees regularly for months, with […]
For decades, the Göttinger Steidl-Verlag has been selling the works of Günter Grass and other well-known authors. Now he had to file for insolvency. For months, salaries were apparently paid only unreliably.
Employees complain of late paid salaries. "Times are very bad for the book industry," says the publisher.
Photobook publisher Steidl faces insolvency proceedings
Gerhard Steidl. Photo: Kaethe17. Wikipedia Creative Commons / CC BY-SA 4.0 Preliminary insolvency proceedings were opened against Steidl, the German publishing house known for its photobooks, at the request of a creditor. The proceedings, which took place last Friday in the Göttingen district court, concerned unpaid social security contributions, among other things. Several other lawsuits have also been reportedly filed against the company for f…
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