CGG Veritas Layoffs

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Topics regarding layoffs at CGG Veritas

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?

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

Merge with ion

Create dominant player in geophysical equipment. World class seismic processor offshore. Great geographic footprint. Cut redundant back office expenses

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

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

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?

Chinese oil firm buys CGG

The least suprising news of this week. http://timesofindia.indiatimes.com/business/international-business/Sinopec-press-conference-later-today-regarding-CGG-acquisition/articleshow/60220481.cms

CGG is still hiring

There are over 20 positions all over the world are still open for applications now. http://www.cgg.com/en/Join-Us

Offshore field crews?

Does anyone know of any more redundancies for offshore field crews?
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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

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?

Multiphysics sale

What ever happened to this deal? Wasnt cgg going to sell it? Is it finalized or did it fall throuogh?

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

CGG will not be bought

Realistically as a company, I cannot see them being brought out or taken over. What would a buyer gain from doing so? Sure they will have employee’s but let's face it, most of the experienced ones have either been made redundant or even just walked... read more

CGG plans

I heard CGG are planning to construct a Death Star.

Any news on layoffs?

For some reason, I feel like we are in calm before the storm phase. I hope I am wrong. If anybody has any info on CGG's plans, please post here.

How vulnerable to takeover...?

With the stock price just over 4 bucks how vulnerable is CGG to takeover right now?? I know there is a lot debt but surely there must be value somewhere (?)

CGG Pension

I'm not sure if this is the right forum to post. However, with all the uncertainty about the companies future, does anyone know what will happen to the pension? I presume it's covered for circumstances such as this?

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