NOVA goes bust?

(I used to work at Nova when I first went to Japan... Glad I got the chance to get established there before this happened.)

The biggest employer of foreign nationals in Japan BUSTO?

from MetaFilter by cwhitfcd

Nova eikaiwa is the biggest foreign language school in Japan, teaching predominantly English through a network of over 600 branches across the county and employing over 7,000 foreign nationals. After adverse rulings to a number of complaints regarding Nova's refund policy, the Japanese Government imposed a 6 month ban from July to prevent the company from selling large lesson packages to students. The company has experienced a severe downturn in cashflow as a result and there are reports of late payment to Japanese staff and suppliers in the last two months. Foreign teachers were unaffected until salary payments for the 15th September were paid late, and more senior teachers have not yet been paid. Despite not being paid, many staff face a tough decision: quit, or continue to show up to work in the knowledge that if the company goes bankrupt they are eligible for unemployment benefits. Despite this, CEO Nozomu Sahashi declared last Friday "The dark clouds that have been hanging heavily over us will be cast aside... I said previously 'the darkest time is before the dawn,' and finally the first light of dawn can be seen". Five days later and some teachers are still waiting to be paid.