Home  Contact Us
  Follow Us On:
 
Search:
Advertising Advertising Free Newsletter Free E-Newsletter
NEWS

Wall Street English to go bankrupt in China
Published on: 2021-08-16
Share to
User Rating: / 0
PoorBest 

Wall Street English, an Italian international adult English training company, will reportedly announce the bankruptcy of its Chinese business. The head of its North China branch has already informed directors of its learning centers about the decision.
 

The bankruptcy announcement comes after China ramped up measures to clamp down on the private tutoring sector. Although most measures are targeted at regulating K12 education companies, niche industries on adult and vocational education are also seeing a freeze as capital withdraws.
 

The directors of branch schools are also urged to inform employees to submit their resignation as soon as possible, the report said.
 

Wall Street English was founded in Italy in 1972. It entered the Chinese market in 2000 and has opened 71 learning centers in 11 Chinese cities, hiring over 3,000 staff in its peak time. But now, less than 30 schools are still running, with around 1,000 employees left.
 

华尔街英语将破产线下门店陆续关闭

8月12日,华尔街英语北区销售负责人通知各中心分校校长,公司将正式宣布破产,并要求各校长通知到各个分校员工,尽快办理离职手续。
 

“双减”政策发布后,业界有观点认为,素质教育、成人教育、职业教育等或将有可能成为新风口,但现实情况是,教育赛道的资本正在撤退,教育行业的细分业务均受到波及。
 

华尔街英语管理层前几日向员工透露近期将公布最后决定,上述匿名员工表示在疫情之后公司便开始陆续通过“优化”的方式进行变相裁员,最早的一批一般按照劳动法给予N+1赔偿,其后一批一般只给到N的赔偿,最后坚守的员工目前尚未给出具体解决方案。
 

华尔街英语于1972年创立于意大利,是国际性成人英语培训品牌。自2000年进入中国市场以来,在中国11个城市开设71家学习中心,据公司员工透露,中国公司人数最多时有超过三千人,但在陆续裁员政策之下,现在仅剩一千人左右,全国门店在陆续关闭,目前仅留存不到30家店面。

Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2021 BusinessTianjin.com. All rights reserved.