Article (google translate recommended) http://www.optionfinance.fr/actualites/bourse/detail/cgg-standard-poors-degrade-a-ccc.html S&P Global Ratings Definitions https://www.standardandpoors.com/en_US/web/guest/article/-/view/sourceId/504352
2017 Layoffs....?
Are there any planned layoffs for 2017???
French BONDS are going to be due, CGG to sell any assets for 2+ Billion , - Bankrupt is not far off. Employees are paid after banks
A good place to check how bad things are is at Moody's Investors Service: 2015 Outlook, - see anything better in 2017 ? ("Moody's") has today downgraded CGG SA's (CGG or the company) corporate family rating (CFR) to B1 from Ba3 and probability of... — read more
Any estimate about 4Q loss?
4Q loss?
CGG Veritas bankruptcy
Thoughts?
CGG NY Stock exchange (NYSE)
NYSE: ===== Oct 21 USD 29+ Nov 18 USD 13+ http://finance.yahoo.com/quote/cgg?ltr=1 Used to be 11000+ employees (by the end of this year, about 6000 employees).
CGG reports 3Q loss
CGG reports 3Q loss Associated PressNovember 8, 2016 Comment PARIS (AP) _ CGG SA (CGG) on Tuesday reported a loss of $87.4 million in its third quarter. The Paris-based company said it had a loss of $3.95 per share. The maker of geophysical equipment... — read more
Status of marine fleet???
what's happening with the remaining vessels in fleet? Is their future now secured. Are the redundancies finished?
So..., how many boats are left in the marine fleet ?
Following the "transformation" program, I am interested in which boats are left in the offshore marine fleet.
This week
Big layoffs this week. Does anybody have numbers, locations / departments ?
Layoffs?
Are the layoffs at CGG finished yet?
Houston Processing
For decades Jerry Young has been growing business shamelessly on the back of young H1B workers straight out of college. These foreigners are deliberately worked like slaves to the point of exhaustion and breakdown, on the threat of loosing their jobs... — read more
It;s Spring time thus isnt it lime for a layoff?
Rumors are flying that there is a restructuring going on ........
Malcore must go!
Since Malcore took control of CGG, there has been a continuous decline in the share price until less than a dollar today...........Maicore must go!
Stock Price
CGG management have taken this company stock from $65 in 2007 after the Veritas merge, to 65c today. What do you suppose the board are thinking ! Are they capable of thinking ?
Phone call of death.....
I received phone call from HR department today informing me that I was being made redundant. Bit of a shame really... I enjoyed my 25 years offshore with CGG and forerunners Veritas and Digicon. It will be interesting to see where the current... — read more
CGG -USI Fire people for dirty reason
CGG USI will never layoff seismic imager, because it only FIRE people for dirty trick. USI kept hiring cheap labor - new graduates - international students, and then fire others!!! because if USI layoff people, they can not hire international student... — read more
Who was the idiot.......
Who was the idiot in CGG who was responsible for the takeover of Fugros's seismic fleet???? We are all now pretty much screwed... even more so if you don't speak French.
Jean-Georges Malcor?
When are they going to fire this joker?? .
X-Bow vessels to be cold stacked?
I have heard a rumour that one (or maybe both?) of the x-bow vessels are to be cold stacked later in the year. This would seem quite unlikely I would have thought. Has anyone else heard anything along these lines??
Company declining
Some departments are reducing pay or hours. Good luck to us all.
Good company but doomed.....
CGG is a great company to work for. Good money, training and benefits. The downside is the management who are totally clueless. I know all companies in this sector are struggling in the current climate but many of CGG's problems right now are of... — read more
Layoffs are coming in 2015
We'll see massive layoffs this year, nobody wants to talk about it but that's ahead of us and CGG cannot avoid it
is CGG Veritas hiring right now?
Any suggestions?
CGG Downsizing - locations
Hello All - I wanted to see if somebody had an updated info on the planned cuts at CGG - I used to be with a company and I am considering coming back, however some folks warned me that there might be cuts and I wanted to see if there are any rumors... — read more
laid of in calgary for no reason........reason given to me was because of merger wit fugro...its a hire n fire company
laid of in calgary for no reason........reason given to me was because of merger wit fugro...its a hire n fire company
NOT AGAIN
NOT AGAIN. MAN. I HATE LAYOFFS.
CGGVeritas has signed a 5yr marine charter deal with shipbuilder Bourbon for 6 new seismic survey vessels to be delivered by EOY (2012).
CGGVeritas has signed a 5yr marine charter deal with shipbuilder Bourbon for 6 new seismic survey vessels to be delivered by EOY (2012).
When are shares going to be available to the employees again.Like it used to.
When are shares going to be available to the employees again.Like it used to.
Another round is coming - cggveritas has lined up another batch for layoffs.
Another round is coming - cggveritas has lined up another batch for layoffs.
Is it true that CGGveritas just laid off a lot of seismic crew, especially from Geowave Endeavour? My consultant spoke to me about an opening...
Is it true that CGGveritas just laid off a lot of seismic crew, especially from Geowave Endeavour? My consultant spoke to me about an opening but it seems risky. Does anyone know anything?
hey, malcor is gonna help us now..
hey, malcor is gonna help us now... right... cggveritas is to be a diamond again and all that experience from thales is gonna make gazillion dollars in bonuses for all of us...
I was cntacted by my consultant for an opening with CGG Veritas recently
I was cntacted by my consultant for an opening with CGG Veritas recently. Wanted to know if the company is financially stable or i would also be a part of their lay-off scheme after finishing first project. Do they ley-off people like this everytime?