-
·
Nova chain files for bankruptcy
A Hello Work public job placement center in the Kabukicho district of Tokyo’s Shinjuku Ward set up a window Friday to accept consultations from Nova employees, including foreign teachers. Nine staff members and three interpreters took charge of the consultations. More than 20 telephone calls came in the morning alone. Four people also visited the…
-
·
Teachers face expulsion in schools shutdown
THOUSANDS of young foreigners teaching English in Japan were left jobless and in danger of expulsion from the country yesterday after the embattled language education giant Nova shut its 925 schools and sought bankruptcy protection from creditors pursuing 43.9 billion yen ($420 million). At least 5000 foreigners, 2000 Japanese staff and 400,000 students at the…
-
·
Nova founder Sahashi took dictatorial approach
Nozomu Sahashi, founder and former president of Nova Corp., was known as a dictatorial person who had to decide everything himself as he drastically expanded the firm’s business. Even after the firm was ordered in June by the Economy, Trade and Industry Ministry to partially suspend its operations, Sahashi made efforts to raise funds for…
-
·
Teachers left jobless as Japan language school goes bankrupt
Nearly 1,000 British language instructors were left fearing for their jobs yesterday after Nova, the scandal-ridden owner of Japan’s biggest chain of language schools, closed its doors and filed for court protection from creditors with debts totaling an estimated 43.9bn yen (£1.88m). The firm, which has about 900 schools and 418,000 students, built its success…
-
·
Nova seeks court protection from creditors
Language school giant Nova Corp. filed for bankruptcy Friday with the Osaka District Court and said it would temporarily close all its schools nationwide. The sudden move, which came just as labor authorities were about to question its executives, including its missing president, will leave about 300,000 students without lessons and 7,000 employees without jobs.…
-
·
Western teachers in Japan face redundancy as Nova language schools close
Thousands of foreign teachers including 900 from Britain face redundancy, financial misery and eviction from their homes after the collapse of Nova, Japan?s largest chain of English language schools. Diplomatic sources at the British and Australian embassies in Tokyo told The Times that they were expecting a ?significant exodus? of teachers, as unpaid staff struggle…
-
·
Nova files for court protection / President fired; firm seeking rehabilitation
Nova Corp., the nation’s largest English-language school chain, which has been in financial trouble for months, filed for court protection on Friday under the Corporate Rehabilitation Law and suspended the operation of all its schools. As of the end of July, debts of the Osaka-based company were estimated at 43.9 billion yen, but with unpaid…
-
·
Japan’s largest language school in receivership
Japan’s largest language school has been placed in receivership, affecting hundreds of Australian teachers and thousands of students. Our correspondent in Tokyo, Shane McLeod, says with more than 900 branches across Japan, Nova language school was the country’s largest. It employed more than 4,000 foreigners, including an estimated 1,000 Australians. All of the company’s branches…
-
·
Scandal-ridden English language schools close doors
Nearly a thousand British language teachers were left fearing for their jobs today after Nova, the scandal-ridden owner of Japan’s biggest chain of language schools, closed its doors and filed for court protection from creditors who are owed at least ¥43.9bn (£187m). The firm, which has about 900 schools and 418,000 students, built its success…
-
·
Japan’s Nova in financial crisis
Japan’s largest chain of foreign language schools, Nova Corp, has filed for court protection from creditors. The firm, which mainly offers English classes, has more than 800 schools and 400,000 students across Japan. But in June, it was ordered to suspend part of its operations, after a court ruled it had misled customers in advertisements…