Why is The HR department in CGG so bad? I have heard that HR in Calgary is one of the worst, apparently she is never in the office and when she is, she is bad at her job. You never hear of bad HR departments in other centres like Perth or in Asia... — read more
When will 2017 Q4 results be released?
Should be very soon, right?
CGG Stock price
What's the reason for the 33% + fall in the CGG stock price today? Has reality finally kicked in?
bankruptcy??
My former boss resigned after 15 years with CGG. He will join TGS soon. He said , CGG has fallen and will formally declare bankruptcy in a coming months! Is it true? I thought they managed to get some cash from somewhere for chapter 11 !
Protection of Jobs in France
− confirmed that pursuant to the draft safeguard plan and in light of the underlying market assumptions of its Business Plan, no social or industrial restructuring is contemplated in France, it being noted that its strategic transformation plan... — read more
How many people left in CGG Houston?
The office is huge. The parking lot is always full.
Another vessel to be cold stacked??
I have heard rumours of another vessel to be taken out of service?? Anyone have any info?
Will 2018 will be any better....??
Does anyone think that 2018 will be any better for CGG?? Is there anything to be optimistic about?
..."Raising of up to $500 million of new money by early 2018"...
Did they achieve this? Does anybody really know? or $500 million have not yet achieved?
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"
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
CEO succession plan announced.
Some new changes? https://www.bloomberg.com/press-releases/2017-12-04/cgg-announces-the-launch-of-ceo-succession-plan-jaspmu4a
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
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
Shareholders vote on the plan
When will we find out?
Merge with ion
Create dominant player in geophysical equipment. World class seismic processor offshore. Great geographic footprint. Cut redundant back office expenses
Keeping useless management while laying off productive employees
That is a very common trend in today's economy, keep the (obviously inefficient) managers and make the people that actually do the work redundant. It seems like the "managers" feel that they simply have to sit and "babysit" a shell company ( and... — read more
4th round of redundancies at Robertson (North Wales) CGG October 2017
Yet more staff are being removed from the North Wales consultancy site. 4th round in 3 years, and losing talented staff all the time. Naturally, no reductions in management. Desperate attempt at reorganisation last year has only accelerated the... — read more
What happened?
CGG SA CGG:FP EN PARIS 4.75EUR. 1.09. 29.78% Any news?
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
Apparently CGG Survived and Thrived!
http://www.oedigital.com/component/k2/item/16313-cgg-gains-overwhelming-chapter-11-creditor-approval
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
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
Half of CGG seismic imaging centers slated for closure
Rumor: 50% of CGG's seismic imaging centres is going to be closed 3-6 month from now!!! Do you mind me asking where this rumor came from, @P16TPyA-jhqs? I have been hearing talks about specific seismic imaging centers being in line for reductions... — read more
CGG bondholders launch legal action against bankruptcy process
http://www.dailymail.co.uk/wires/reuters/article-4883160/CGG-bondholders-launch-legal-action-against-bankruptcy-process.html Any info on this?
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?
CGG employing contractors?
Does anyone have any idea how many contractors are currently employed by CGG for their offshore crews?