Sunday, November 11, 2007

G's In Da' House
This grainy image that I snapped on my cell phone is of an informational meeting that was held in Nova's head office yesterday. It was one of two identical sessions held in Tokyo. Another two were held in Osaka, as well as several out of the way branches for those in the sticks. To be honest, there wasn't a lot of content that hadn't already been posted somewhere on the net. The receivers (government bankruptcy lawyers placed in charge of Nova) spoke. The acquiring company, G-Communications, spoke. Several government agencies spoke about unpaid wages and unemployment benefits. In fact, everyone except representatives of the failed Nova Corporation spoke. A bit disappointing as there was no one at whom to vent our collective spleen. However, it was nice to hear that G-Comm was offering employment to all who desired it, and furthermore would pay salaries regardless of whether there was a working location for employees. In effect they are going to pay us to stay home. A lot of people were of course skeptical of this, but I had run the scenario through my little noggin' and had come to the same conclusion. They really have no choice at this point. It would be the same as paying rent on locations that they may not reopen immediately - no pay, no play. Here G-dawg has made an investment to acquire the company, but if they lose the human infrastructure what good are all the chairs and textbooks. As for offering financial assistance, they really didn't, but will do some quick accounting to get people paid on the 1st of December for part of November. So I actually believe that these Gs are going to make good on their promise; it would be less logical if they didn't. I don't think they have any of the overseas recruiting apparatus so they basically have no way to constitute a workforce other than to start paying their destitute, orphaned Novaites forthwith. A slightly humorous remark made by the president of G-spot, and I paraphrase from memory, "We are all in difficult circumstances. For example, we don't currently know where the keys to many of the branches are." Great, let's keep it that way - I'm enjoying my paid holidays.

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