Job Discussion Forums

[flyer]

Geos has finally gone under

see article here

http://www.japantoday.com/category/business/view/english-school-operator-geos-corp-goes-bust

[Apsara]

Thanks for the link, flyer. Well, all the symptoms were there, and it was obvious last year that they were struggling. I remember it turned into quite a debate though on here last year, with some people adamant that Geos was not going to go under and was doing just fine

At least it doesn't seem to have been quite as messy as the Nova bankruptcy. I hope all the teachers and other staff will be treated fairly.

Interesting that the article says that some of Geos' business will be handed over to G. Communications- those are the people who bought out Nova when it went bankrupt.

[flyer]

[Atlas*]

This amount of debt seems to vary according to each article.

http://e.nikkei.com/e/fr/tnks/Nni20100421D21SS663.htm

This one says 7.5 billion yen whereas the first article from Japan Today claims 75 billion yen. Just a little bit of a difference

[Bread]

All I can say is that I'm glad I have a job right now. I was worried a couple months ago about getting one before GEOS crashed and all the teachers came flooding out. I guess 99 schools worth of teachers isn't really THAT many in the scheme of things, considering how many will probably just go home.

[Pitarou]

To the Geos teachers: are you planning to pack up and return whence you came, or do you have other plans? Are you hoping to keep your job with G Communications?

To teachers at other schools -- especially those who were here during the Nova collapse -- how will this affect you? Are you expecting a wave of ex-students at your doorstep? Are you worried about job security?

[caylia]

[Cool Teacher]