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.
It's a situation Ken Worsley of the Japan Economy News Web site sees as a sign of the times in Japan.