Payday

To all instructors,

I deeply regret to inform that we are unable to pay salaries on Monday October 15th. This is because it has not been possible to gather sufficient funds as quickly as planned. Instructors are now scheduled to be paid on Friday October 19th.

I am truly sorry about the lateness of this notice and the inconvenience and hardship this causes. I ask for your understanding and patience in this difficult period.

Nozom Sahashi
CEO Nova Corp

It's interesting to note that he signs many of his 'official' faxes as "Nozom Sahashi" rather than his real name, "Nozomu Saruhashi". Guess when shit hits the fan, as it does, he 'never' wrote these faxes... Although, it does have a signature for once.

Found this on The Age's website.

Consular assistance is being offered to 1,300 Australians whose English-teaching company in Japan is going bust, Foreign Affairs minister Alexander Downer says.

Mr Downer said some of the teachers would return to Australia, while others would simply get another job.

Last month, the Osaka-based Nova Corporation reassured their 7,000 staff, 5,000 of whom are foreigners, that the company was not going out of business.

However, Mr Downer said on Friday that although the company had not "completely fallen over yet", it would "fall over", leaving 1,300 Australians financially stranded in a "very expensive" country.

"We'll provide them with consular assistance if they need it," he told ABC radio. "If they get into real personal difficulties, then we'll obviously help them out.

"Otherwise, if they cannot find another job in Japan, then they'll return to Australia."

Mr Downer said there were no broader implications to the company's collapse, it was simply going out of business through poor management.

"It is not as though people in Japan no longer want to learn English, or there has been a complete shift in the whole market, that's not right," he said.