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Japan's Biggest ESL chain bankrupt

 
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seoulman1



Joined: 02 Feb 2007
Location: Jamsil

PostPosted: Fri Oct 26, 2007 5:24 pm    Post subject: Japan's Biggest ESL chain bankrupt Reply with quote

'THOUSANDS of young foreigners teaching English in Japan were left jobless and in danger of expulsion from the country yesterday after embattled language school giant Nova shut its 925 schools and sought bankruptcy protection from creditors pursuing 43.9 billion yen ($418 million).

At least 5000 foreigners, 2000 Japanese staff and 400,000 students at the private English-teaching chain have been left in a precarious financial position by the move, which could herald one of the biggest corporate collapses in Japan's history.'

http://www.theage.com.au/news/national/australian-teachers-high-and-dry-in-japan/2007/10/26/1192941340599.html
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hogwonguy1979



Joined: 22 Dec 2003
Location: the racoon den

PostPosted: Fri Oct 26, 2007 5:26 pm    Post subject: Reply with quote

already being discussed here:

http://forums.eslcafe.com/korea/viewtopic.php?t=103136
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