It seems that NOVA isn’t doing to well these days. I’m not too concerned as I’ve haven’t been directly effected. As I tell everyone, it’s business as usual and if NOVA does kick the bucket I’ll deal with it one step at a time. But I find it hard to believe that NOVA, the largest English school in Japan will go bankrupt. It would would effect the Japanese economy tremendously, well so I think so!
My mom heard about the problem and she phone me up all worried. I admit it’s concerning when you think of job security, but I’m not the type of person to worry straight away. Anyways here’s an email I send my mom about the issues.
There’s no need to worry! If there was anything serious I would let you! Sufficed to say the NOVA situation is a long and winded story which starts with NOVA being accused of unjust business practices and therefore has been punished for its business practices by the Japan’s Ministry in charge of such issues.
The whole situation has weakened faith in the company and the punishment on limiting new contracts has effected sales. As result in some cases NOVA has been trying to keep up with payments on rents and paying staff as it’s been said that the ruling severely crippled NOVA with its unique business angle, which is now outlawed; where the bulk of their sales come from.
So the closing of profit-losing schools has began to occur in an attempt to limit blows financially. I kind of downsizing action.
For me I haven’t been effected as I work for one of the busier branches in Saitama Prefecture. If worse comes to worse, then I’ll wait for/if that moment comes. There are many jobs hear anyways so I don’t foresee a problem for me in the here-and-now. But right now it’s business as always.
The NOVA story is quite long-winded. Recently some people were not payed on time, word of some apartment evictions and the closures of as many as 200 branches are set to take place in all of Japan.
I’m covering my bases…One thing I did was update my resume on a Gaijinpot.com a website for Foreigners in Japan. I actually got a hit for a private children’s school in Toda City in Saitama Prefecture. I’m gonna have an interview with them sometime this week or next. They pay a little more and I rather work with all kids anyways. It’s too early to say, but ya here’s hoping I get this job! NOVA is not a bad company, but when an opportunity arises sometimes you gotta take it. We’ll see what happens.