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Topics regarding layoffs at CGG Veritas
Hearing more and more chatter about this. Possibly explains the observations in the prior post (lots of connection points between industry and government in Beijing). Premise is the Chinese are assembling one-stop shops for oil & gas exploration and... read more
Lately we've seen a few people here and there laid off by CGG, but I was wondering when are we looking at another bigger round of layoffs? There has been very little chatter lately, so if anybody has any info on what's coming down the line, please... read more
If you want to truly realize how bad situation is at CGG Veritas, just look at our turnover. We are literally losing people on weekly bases these days, and most of them are our best workers. Frankly, CGG doesn't need layoffs, they just need to stop... read more
one manager left today. who else?
What are you hanging on for? Turnaround in fortunes for CGG Redundancy settlement Right opportunity elsewhere A white knight to come to the rescue Cannot get a job elsewhere
Anyone have any thoughts on the current reassurance of oil prices and CGG???? For a long time I didn't thing CGG was going to survive the prolonged downturn. Will the pickup in oil price mean we can survive?
Ask not what CGG can do for you - ask what you can do for CGG.
CGG are vulnerable to take over. Schlumberger want out of seismic - No Shearwater and are too small and have many ex CGG employees - No PGS are struggling and are the last large player - possible tie up to create one mega player and control the... read more
I have been hearing rumours of a merger with one of the other remaining players. Anyone heard anything similar?
The office is huge. The parking lot is always full.
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
I thought it would be interesting for those ex-CGG guys here to share how things have gone career-wise since they left. Given the industry situation, most of us had to look outside O&G to opportunities. Also a significant number of us do quite unique... read more
Who is running GGR?
anyone get one? i didn't :-(
Calgary let 7 go today. 2 processors, 4 in office operations, 1 in IT Calgary was hit yesterday, which means that we can definitely expect more layoffs next week. As somebody put it in that other thread, CGG does this in stages. Not sure which... read more
Just when you think you've seen it all!! Never mind HR and payroll are helpful. NOT!!!!!!!
ANYONE KNOW WHERE THE FIGURES ARE? WHAT'S YOUR GAP?
I heared we wasted $5 million on this in legal, banker and accountancy fees. https://www.thelayoff.com/neos-geosolutions
I don't buy this "we are now safe" crap.
As Yahoo shows
CGG is out of the woods now. That means we are finally safe. Am I right? At least no need to worry about layoffs in the near future?
We are delighted to announce that we have now completed our financial restructuring process and emerged from Chapter-11. This is an important milestone in our company’s history as it marks the beginning of an exciting and positive future. This... read more
CGG has had interest expenses of about $180M per year for the last 4 years. They have incurred losses averaging $961M per year over the same period. How will wiping all but $1.2B their debt and raising $500M help them survive 2018 ?
Can someone who understands this be so kind as to explain what all this means ? https://www.nasdaq.com/press-release/cgg-instruments-to-be-issued-as-part-of-cggs-financial-restructuring-plan-20180212-00025 Also is there a date they plan to "come out"... read more
Stock price is doubled in two business days. What happened?
Share price tanking again today. Market cap is now about 46 million Euro. At the end of 2012 CGG had a market cap of almost 4 billion Euro - yes, billion. Shocking! www.cgg.com/en/Investors/Shareholder-Information/Share-Price-Details
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 !
What's the reason for the 33% + fall in the CGG stock price today? Has reality finally kicked in?
Should be very soon, right?