Viewing items with Tag: "industry"

According to one troubled Kyoto employee, staff haven't been paid for this month. Could be an indication that they are indeed going into liquidation soon. Word from management has claimed this months wages are delayed until the 19th at the earliest, but who knows? Is there a punchline to this joke? Doubt it.

Please take a moment to appreciate my artists impression of what will happen to the Nova bunny. Do you know how hard it is to draw blood trails on a trackpad? <--------------this hard--------->

[source: japanprobe]

The Ministry of Economy, Trade and Industry is set to order Nova Corp., Japan’s largest English-language school operator, to suspend part of its business for six months for having violated the law governing the industry, ministry sources said Wednesday.

Specifically, they have been screwing their customers who sign up for long contracts by cheating them out of the 8 day cooling off period, as well as penalizing students who cancel mid-contract by calculating their already attended lessons at a higher point rate.

Nova group is therefore banned from creating 6 month or longer contracts with new students, which is where their primary income is. Even if this ban is incurred for just 30 days, with their mounting debts and plummeting public image, they are pretty much officially screwed. Employees of Nova should start looking for another job now, seriously people.

I also found this pretty picture of Nova's stock price! Isn't it beautiful?? (and udated live!)