Geos bankruptcy echoes Nova Implosion and wrecks havoc on industry

A chain of English conversation schools is closed down. Thousands of employees are left worrying whether they will get paid or keep their jobs. Students are told refunds will not be given on advance payments for lessons. G.communication steps in to pick up the pieces. The Geos bankruptcy on April 20 had much in common with the implosion of Nova in 2007. Then as now, foreign and Japanese staff working for an eikaiwa company face an uncertain future as G.communication gets to work restructuring a broken business.

Read the rest of the story: Eikaiwa on the ropes after fall of Geos

2 Replies to “Geos bankruptcy echoes Nova Implosion and wrecks havoc on industry”

  1. ATL needs to do a story about how many lawyers sustained through 20 hour per days and 300+ hour per months, how many relationships crumbled due to the absence and stress related to lawyers trying to help save a organization, how getting a car service to take you home at 4 a.m. is not a comfort but a must because the lawyer is so tired that she might not make it home if they chose to drive themselves, use a taxi or some form of public transportation.

  2. ATL needs to do a story about how many lawyers sustained through 20 hour per days and 300+ hour per months, how many relationships crumbled due to the absence and stress related to lawyers trying to help save a organization, how getting a car service to take you home at 4 a.m. is not a comfort but a must because the lawyer is so tired that she might not make it home if they chose to drive themselves, use a taxi or some form of public transportation.

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