The Age February 2, 2010
AUSTRALIA'S international education industry has suffered another massive blow with the collapse of eight English language colleges, leaving 2300 foreign students around the country in the dark over their future. The single largest group affected is in Melbourne and has an estimated 530 students unable to complete their courses. Some had just one more week before the end of their course. A total of 390 employees have lost their jobs.
Japanese-owned GEOS, which operates a global chain of English language schools, closed its Australian operations late yesterday.
Any whispers on the local operations?Industry insiders said the global financial crisis had hit GEOS hard and its Japanese operations were in trouble.