NOVA Corp is the Japan’s largest English conversation school chain. And for those who teach English in Japan and are employed by Nova I say… DOH! I read the news back in April of 2007 when Nova got busted for breaking the law (they refused to refund tuition fees to students who canceled their contracts.) And recently people have not been getting paid for their work. Today things have gotten worse and Nova has filed for protection from the courts. More and more people are starting to teach English online using Skype which is a good thing when major corporate disruptions like this happen.
I wonder what this means for current employees and their work visas. Not only that but if an employees income stops or is slowed it could mean trouble for their living expenses. Damn.
Check out the news from Yahoo
Nova Corp , the largest operator of English language schools in Japan, said on Friday that it has filed for court protection from creditors amid efforts to turn around its business.
Following the company’s announcement, the Jasdaq Securities Exchange said it would delist Nova’s shares on Nov. 27.
Nova, which operates over 900 schools in Japan, posted net losses for the past two business years and said it held a total 43.9 billion yen in debt as of July.
More on this:
Aussie teachers lose jobs in Japanese school shutdown
Nova applies for court protection from creditors; president missing, 4 execs resign
Scandal-tainted school Nova granted court protection from creditors
People are still talking about Nova and what’s to come but there’s no solid solution for foreigners who worked for Nova besides returning to their home country… and who really wants to do that? Japan kicks ass! Today there is an interesting article over at Japan Today regarding people who used to work for Nova. “EF invites Nova instructors to teach in China for Olympics” which could be interesting. I wonder what the pay would be.
A Switzerland-based English language institute on Wednesday invited instructors who lost jobs because of the failure of Nova Corp to teach English in China where demand for English learning is expected to shoot up ahead of the 2008 Beijing Olympics. EF Education First Ltd, which has been chosen as an official language partner of the Olympics, is seeking about 1,000 English instructors who can teach English in such major Chinese cities as Beijing and Shanghai, Molly Fitzpatrick from the institute said at a press conference in Tokyo.
In other news, 12 companies apply for sponsorship to rebuild Nova. Continue reading
Nova English teacher = you’re screwed and that sucks. Over 4,000 teachers are out of a job! Over 400,000 students haven’t gotten a refund! Nova is bankrupt! This is all total shiznit! It looks like things have come to an end for Nova English teachers that are here on a work visa in hopes of some income and a cultural experience. You’re probably left with very few options such as… finding another job teaching english, or working at some short term job, or working at a bar/club frequented by English speaking Gaijin. (Here’s another job search related link) If you can’t find a job then you can always head back to your home country. For some of you it may not be possible due financial difficulty (aka not being paid by the man) which basically means you’re screwed. If I were in a situation of not being able to find a job replacement I’d either save the money I had to buy a ticket with (while spending the rest partying it up) or in the case I had $0 I’d have my friends/family wire me some money or buy an e-ticket for me to get the hell out of dodge! If you plan on getting a plane ticket you should act soon because after December 20th the rates go up due to the holiday season. If you wait longer than that you’ll just be super screwed. By the way I can’t imagine having a family and working for Nova and not getting paid. Nova carries a debt worth 40 billion Yen. They might have to refund students before paying out salaries and who knows when that could happen. It could be six months or longer.
I read in many places about emergency loans this, emergency loans that, hoping to get an emergency loan from the Embassy blah blah blah. Good luck with that! I can’t find any information on the web regarding this type of loan. The U.S. Embassy website (tokyo.usembassy.gov) mentions nothing about a loan or emergency funds for people employed by Nova. They do say this:
If you require financial assistance, you could request that your family wire funds through the U.S. Department of State here or purchase an e-ticket on your behalf.