On August 12, it was reported that the head of sales in the North Wall Street English District notified the principals of the central branch schools that the company would officially declare bankruptcy next week and required the principals to notify the employees of the branch schools to complete the resignation procedures as soon as possible.
There has been no response from Wall Street English.
According to the company's employees, the company had owed its employees three months of wages before. After learning of the company's impending bankruptcy on August 12, a large number of employees asked to leave.
According to reports, Wall Street English stores nationwide have been closed one after another, and currently there are fewer than 30 stores remaining.
(Producing Zhou Jing)
Editor in charge: [Ji Xiang]