Global academic publisher, SAGE Publishing, will close its book publishing division in India.
According to a report published in The Indian Express on July 30, Blaise R Simqu, CEO of Sage, broke the news to employees in India in an email.
The email read, “We have recently made a very difficult but well thought out decision regarding the Sage India Book Scheme. For many years, our attempts to make domestic book publishing at Sage India commercially viable have faced significant challenges and the pandemic has only made it more problematic. What we have reluctantly and sadly concluded is that despite these many efforts, the combination of low prices and the lack of an established adoption market as well as other external factors (including the current situation of Covid) have proven an impossible hurdle for us to overcome despite our best efforts over the past few years…While we remain committed to our mission of supporting the spread of usable knowledge and educating a global community, we have decided to give in the Sage India book program.
The letter, signed by Simqu and Sonia Kumar, Executive Director of SAGE India and Chief Financial Officer, added: “We want to emphasize that this decision is very book specific, it does not affect our thriving publishing of domestic and imported journals, nor marketing. and the sale in India of imported Sage books which continue to be an important part of the international book program…”
The Indian Express said the company had already notified nearly 70 employees of their layoffs.
Sage was founded in New York in 1965 and is currently headquartered in California. Its Indian branch was established by founder and president Sara Miller McCune in 1981 with George McCune and Tejeshwar Singh. The publishing house specializes in books on the social sciences, medicine, technology, science and the humanities.
Sage closes India book publishing division