We found this news article online, and decided to share it with you. It's about the big English school in Japan, NOVA. I am sure everyone knows about this school, and that they now have many problems.
Nova Corporation, Japan's largest English conversation school chain is in serious financial trouble. The company, which employs some 4,000 non-Japanese English teachers, was given court protection from creditors on October 26th. It has debts of around $357 million and has given up any efforts to try and clear them. Nova’s directors are hoping to find sponsors to keep the majority of its 900 schools operational. The company’s disgraced president is nowhere to be found. Nozomu Sahashi, 56, owns a 16 percent stake in the company but was fired on Thursday. The board accused him of financial wrongdoing, as he could not give an adequate explanation for his "opaque way of fund-raising and negotiating with potential business alliance partners."
Nova’s collapse has angered thousands of teachers, many of whom have not been paid. A union representative, Katsuji Yamahara, expressed his concerns saying: "This is a serious development that could force many students, instructors and employees to suffer losses." Some teachers now face eviction from their company-provided accommodation. There have even been cases of Nova deducting rent from teachers’ salaries and then not paying landlords. Teachers at the scandal-hit school went on strike last week to protest against the company’s malpractices. The final nail in the coffin for Nova seems to have been a discovery that its advertising lied to potential students about its services. Nationwide ads claimed students could take lessons any time they wanted, which proved to be untrue.
I know this is a little difficult to understand for some, so please feel free to ask any questions. And we'd like to know your thoughts on this topic.
What do you think will happen to NOVA in the future?
Can they be successful again?
What are the reasons for its collapse?
Do you have additional information about this?
You can say anything about this topic. どうぞ！
Nova Corporation, Japan's largest English conversation school chain is in serious financial trouble. The company, which employs some 4,000 non-Japanese English teachers, was given court protection from creditors on October 26th. It has debts of around $357 million and has given up any efforts to try and clear them. Nova’s directors are hoping to find sponsors to keep the majority of its 900 schools operational. The company’s disgraced president is nowhere to be found. Nozomu Sahashi, 56, owns a 16 percent stake in the company but was fired on Thursday. The board accused him of financial wrongdoing, as he could not give an adequate explanation for his "opaque way of fund-raising and negotiating with potential business alliance partners."
Nova’s collapse has angered thousands of teachers, many of whom have not been paid. A union representative, Katsuji Yamahara, expressed his concerns saying: "This is a serious development that could force many students, instructors and employees to suffer losses." Some teachers now face eviction from their company-provided accommodation. There have even been cases of Nova deducting rent from teachers’ salaries and then not paying landlords. Teachers at the scandal-hit school went on strike last week to protest against the company’s malpractices. The final nail in the coffin for Nova seems to have been a discovery that its advertising lied to potential students about its services. Nationwide ads claimed students could take lessons any time they wanted, which proved to be untrue.
I know this is a little difficult to understand for some, so please feel free to ask any questions. And we'd like to know your thoughts on this topic.
What do you think will happen to NOVA in the future?
Can they be successful again?
What are the reasons for its collapse?
Do you have additional information about this?
You can say anything about this topic. どうぞ！
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コメント(6)
Ihave a friend of Canadian lecturer who was working in NOVA.
He was fairly worried about this problem.
He was saying.
I really want to stay in Japan so I need to work hard to find some money and income so I can support my life here.
Now I need to look for a new job. If I can't find money soon I will need to leave Japan and go back to Canada.
I think that they don't succeed again.
I think that the reason for it's collapse is the increase pass of the store and excessive advertisement.
How about you ?
★TOMOMI★MANGO♪
He was fairly worried about this problem.
He was saying.
I really want to stay in Japan so I need to work hard to find some money and income so I can support my life here.
Now I need to look for a new job. If I can't find money soon I will need to leave Japan and go back to Canada.
I think that they don't succeed again.
I think that the reason for it's collapse is the increase pass of the store and excessive advertisement.
How about you ?
★TOMOMI★MANGO♪
Besides I claim to be Taku-chan at the start.
I think it to be a difficult class to me, but want to talk about a nova slightly here.
I think that there is a problem in all companies regardless of a nova.
Because it was a money-making company, was not the result that, as a result, was like this that did not take good care of the visitor who did not take good care of an employee given? .
I think it to want you to make an effort to think about more partners.
I think it to be a difficult class to me, but want to talk about a nova slightly here.
I think that there is a problem in all companies regardless of a nova.
Because it was a money-making company, was not the result that, as a result, was like this that did not take good care of the visitor who did not take good care of an employee given? .
I think it to want you to make an effort to think about more partners.
MANGO-san: Oh no, I hope your Canadian finds another job. What are his other job options? Can't he look for a job with another school? And you're right, paying for too much advertisement could make companies go bankrupt.
I really hope not only teachers, but also all other employees could be helped and they could find other jobs.
By the way, what is the "pass of the store?"
Taku-chan: You're right, too. I agree. They didn't take care of the customers. In English, there is a saying "The customer is always right." Well, of course not all customers are right, but this expression also implies we must give good service to our customers. No customer, no money.
Is NOVA still operating now? Or has the work stopped in all branches?
I really hope not only teachers, but also all other employees could be helped and they could find other jobs.
By the way, what is the "pass of the store?"
Taku-chan: You're right, too. I agree. They didn't take care of the customers. In English, there is a saying "The customer is always right." Well, of course not all customers are right, but this expression also implies we must give good service to our customers. No customer, no money.
Is NOVA still operating now? Or has the work stopped in all branches?
Hello..リズゲイ
The Canadian friend has the work of the Web designer else.
He said...
I think we will try to open our own little english conversation service. I really want to stay in Japan so I need to work hard to find some money and income so I can support my life here.
"pass of the store?" ...sorry..I was mistake.
NOVA thinks that I increased too much it in each station.
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