About a month ago, someone said
"NOVA is the largest English school chain in Japan. They make a lot of money every year. They won't disappear anytime soon."
But actually NOVA is disappearing.
We tend to judge companies by how big they are and how well-known they are.
Now what should we do to make right decision to deal with companies??
BTW, the news about NOVA was on the top page of Oregonian...
http://www.oregonlive.com/oregonian/stories/index.ssf?/base/news/1193801150304310.xml&coll=7
2007-11-02 07:42:34 · 4 answers · asked by Anonymous in Travel ➔ Asia Pacific ➔ Japan
You really can't sometimes. Companies big and small can burn out at anytime. We think Microsoft is a nice rich company today, but who knows, next year Apple might create something so new and high tech that Microsoft gets runned to the ground.
As for NOVA employees leaving Japan, according to a news conference yesteday, some want to leave but have no money because they weren't paid, others however, want to stay because they like it there. NOVA is seeking bankruptcy protection, its not liquidation of the company, people OFTEN get the two confused.
Many US airlines are in bankruptcy but they continue to operate, it is just protection from creditors. However to pull NOVA out of its hole, new management will probably cut the number of schools and employees in half, so you'll still have thousands (maybe) out of a job.
2007-11-02 08:27:04 · answer #1 · answered by ? 6 · 0⤊ 0⤋
NOVA is not first ekaiwa chain to go broke. I think it reflects the way such firms are often organized in a way to keep the cash flowing in the direction of the owner. The Japanese term would be zaitechu. NOVA may have been big, but it was not run in pursuit of long term stability in the same way say.. Hitachi Limited is.
Self improvement is part of the Japanese culture and lifestyle and ekaiwa will always be part of that along with ikebana, budo, ballroom dancing, golf and a hundred other activities. Theefore the ekaiwa business in general will continue. I doubt though that NOVA will survive. Bankruptcy is considered a disgrace in Japan (isn't NOVA's sacho MIA?) so it's just not the same as a US airline operating while in receivership.
2007-11-02 10:31:09 · answer #2 · answered by michinoku2001 7 · 2⤊ 0⤋
All businesses are vulnerable in this world's economy....you never know if they are imbezzling or running the company into the ground ....no company is too big that they can't go out of business
The people working for NOVA should leave the country, why keep putting their money into a countries economy where they aren't being paid...At least they have the option to leave and go to their country of origin and find another job
they will probably never receive the money they are owed ...since the head of the company has conveniently vanished into thin air...in the United States the employees are always the biggest losers when any company goes under ( ENRON ) no one receives anything..in most cases they lose everything, their pensions...etc....etc.. ...
hopefully the Japanese government will handle the end of the company....I'm sure they are not paying what they are suppose to and can be held accountable when located and brought to court
2007-11-02 08:09:20 · answer #3 · answered by geekieintx 6 · 2⤊ 1⤋
I think this says it all:
食料品と交換で個人レッスン( private lessons in exchange for food)
英会話学校「ＮＯＶＡ」の外国人講師が加入する労働組合の集会が４日開かれ、個人レッスンを希望するＮＯＶＡの受講者たちに毎週土曜日に通っていた教室の前に集まるよう呼びかけて、食料品と交換にレッスンを提供する取り組みを始めることになりました。
(11月5日 4時29分)
The labor union, whose members are the teachers from Nova on its meeting on Novmber 4th accepted a plan according to which every Saturday they will give lessons to all interested ex- Nova students in exchange for food.
This information was on NHK.
Sad and disgusting!
2007-11-04 16:28:17 · answer #4 · answered by Princess Kushinada 5 · 0⤊ 0⤋