CGG Veritas Layoffs

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Topics regarding layoffs at CGG Veritas

2018 Objectives.......whats yours?

FROM N+1 "COME UP WITH IDEAS REGARDING AUTOMATION" IF YOU ARE MANAGEMENT THEN OBJECTIVE IS "HOW MANY NEW POSITIONS CAN BE CREATED"
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437 views | 6 replies (last )

CGG Financial Restructuring - How does this work?

This is directly from the Financial Restructuring FAQ's from the CGG website: – the exercise of such a PSR will also result in an existing CGG shareholder receiving – in addition to the Warrants #1 – theoretically close to 3.25 Warrants #2 (i)... read more
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297 views | 1 reply ()

Malcor

What chance is there of a change in fortune of CGG while Malcor is still at the helm....?? Surely he is the root cause of the problem?
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794 views | 5 replies (last )

Time to close the doors

Another big quarterly loss. Debt repayment is not killing them, bad management is. Only a fool would give these losers another half a billion dollars to continue to line their pockets ... “The ability of the Group to continue as a going concern... read more
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864 views | 4 replies (last )

Executive officers compensation and protectionism

Executives officers compensation for running this company into the ground (takes a lot of work and special skills to be so efficient at destroying value ...) : Compensation Fixed Variable Directors Fee Mr. Remi DORVAL € 112,001 N/A € 57,200 (2) Mr... read more
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1389 views | 10 replies (last )

Merge with ion

Create dominant player in geophysical equipment. World class seismic processor offshore. Great geographic footprint. Cut redundant back office expenses
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1249 views | 10 replies (last )

What happened?

CGG SA CGG:FP EN PARIS 4.75EUR. 1.09. 29.78% Any news?
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1178 views | 6 replies (last )

We are far from being out of the woods

This is a clear warning that even if the investors vote in favor of the restructuring plan it doesn't mean that the company is out of the hook. In contrary, the company may face more financial problems because of the sustaining low market activities... read more
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803 views | 1 reply ()

Employee representation at CGG Board of Directors

The french labor unions (CFDT/CGT) are planning to have an elected representative at the Board of Directors at the next shareholders meeting. They have been bargaining for the restructuring plan and have been received by the french president as per... read more
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981 views | 6 replies (last )

Checks and balances!

Oslo's seismic imaging department was Ok (during the last two years) because of a big multi client processing project (North Viking Graben). They didn't do anything big or even medium size for external clients this year. Apparently the management has... read more
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1133 views | 5 replies (last )

CGG Vision Helicopter Crash

Slightly off topic but can anyone tell me what the outcome of the investigation was for that helicopter crash on the Vision back in 2013?
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881 views | 4 replies (last )

CGG employing contractors?

Does anyone have any idea how many contractors are currently employed by CGG for their offshore crews?
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898 views | 3 replies (last )

CGG Norway (Oslo) cuts more jobs

CGG Norway has announced a need to cut as many as 70 % of its workforce by the end 2017. Employees were informed of the new cuts this week.
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4080 views | 55 replies (last )

CGG is still hiring

There are over 20 positions all over the world are still open for applications now. /
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1426 views | 10 replies (last )

Offshore field crews?

Does anyone know of any more redundancies for offshore field crews?
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611 views | no replies

Bankruptcy hearing at 2:30pm in NY

United States Bankruptcy Court Southern District of New York Chapter 11 Case #: 17-11639 Meeting of creditors: Date: August 9, 2017 at 2:30pm location: United States Bankruptcy Court, SDNY One Bowling Green, Room 523 New York, New York 10004-1408
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1368 views | 6 replies (last )

Stock Price...

Any one have any thoughts about repercussions of declining stock price? Is there some price that might warrant a takeover? Is CGG likely to get money for refinancing with declining stock price?
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1429 views | 9 replies (last )

Multiphysics sale

What ever happened to this deal? Wasnt cgg going to sell it? Is it finalized or did it fall throuogh?
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915 views | 3 replies (last )

CGG Chapter 11 Bankruptcy Case

United States Bankruptcy Court Southern District of New York This is it! Ladies and gentlemen. Chapter 11 Case #: 17-11639 Meeting of creditors: Date: August 9, 2017 at 2:30pm location: United States Bankruptcy Court, SDNY One Bowling Green, Room 523... read more
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1292 views | 5 replies (last )

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