Studioline in Kiel: bankruptcy after over 100 years - 500 jobs in danger

Studioline in Kiel: bankruptcy after over 100 years - 500 jobs in danger

The bankruptcy of a traditional photo studio chain leads to far-reaching consequences and illustrates the problem with which entire industries are faced.

studiolin reports bankruptcy

The renowned photo studio chain Studioline is in a critical situation after submitting bankruptcy applications in Kiel on July 29, Studioline Photostudios GmbH and My Photo Studio GmbH. This affects a total of 75 subsidiaries, all of which operate under the roof of the studiolin. The bankruptcy has 500 employees all over Germany, including around 50 trainees.

causes of bankruptcy

The difficulties of studio are part of a larger trend that affects many companies in the current economic situation. According to the corporate management, the main reasons for bankruptcy are a general retention of purchase, caused by the high inflation, as well as heavily increased rental costs, especially for shops with index rental contracts. Such contracts increase annually according to the inflation rate, which represents an additional financial burden.

The influence on the employees

Despite the bankruptcy, business operations in the 80 branches will be continued without restrictions. The preliminary insolvency administrator, Reinhold Schmid-Spersber, has confirmed that the salaries of the employees are initially covered by bankruptcy money. At least for the time being, this offers employees a certain security. The new trainees can also start their training position, which gives hope that this massive crisis can follow a certain continued existence.

focus on the community

The bankruptcy of studiolin not only affects those directly affected, but also radiates to the community in which the company is deeply rooted. Photography has a special meaning for many people and plays an important role in life events. The closure of such studios could therefore also mean the loss of a cultural heritage. This reveals the question of which alternatives are available to the municipalities in order to continue to ensure high -quality photography services.

industry trend: increase in bankruptcy

Similar developments are emerging in the entire industry. Experts warn of a "hot autumn" in relation to the bankruptcies. The discussion about the increase in corporate slides is particularly relevant, not only for the affected industries such as retail, but also for the economy as a whole. Many companies are fighting for survival in the current market situation, which could have significant consequences for employment and local economic structures.