Thread regarding CGG Veritas layoffs

HOW IS CGG STILL IN BUSINESS IN THE UNITED KINGDOM?

Considering the level of the debt CGG has compared to other companies where administrators have been called in (Thomas Cook is 1 example) how are we still trading.?

Not only are we still trading, we are spending ever more money on staff, bonus payments and office upgrades.

Office upgrades seem extravagant especially when CGG have already acknowledged the relocation to Burgess Hill in the near future.

\o/

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Post ID: @OP+11m5asUU

9 replies (most recent on top)

Redhill is currently under going major refurb of all its offices ensuring it will look good when handed back to the landlords.

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Post ID: @dmmh+11m5asUU

Burgess Hill is a reality.....ask anyone in management in Redhill/Crawley. There will be no job losses, in fact there has already been an big increase in the number of engineers and network staff.

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Post ID: @divo+11m5asUU

If the Burgess Hill move is just for the Redhill compute hub then there won't be too many employees to lose!?
But unless there is a very cheap building with the required power and cooling in situ, and/or the Redhill costs have suddenly escalated, I'm not sure how this saves money.

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Post ID: @cxlk+11m5asUU

The Burgess Hill thing sounds like nonsense. I mean, you would lose employees (especially those living further north) potentially having to pay a severance, and you would have to make good the old properties and refurbish a new one including paying for enhanced electrical and internet connectivity. Overall an expensive exercise to achieve what - a poor location, further from the motorway and transport hubs.

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Post ID: @bskv+11m5asUU

After the Titanic hit an iceberg and began to sink, Hartley and his fellow band members started playing music to help keep the passengers calm, the music served alike as their own immortal requiem and their right to be recalled on the scrolls of undying fame ...

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Post ID: @amxh+11m5asUU

What was the reason for moving to burgess hill?

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Post ID: @8gzt+11m5asUU

Burgess Hill!? Where did you hear that then?
The Crawley office or just the Redhill compute site?

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Post ID: @5wvk+11m5asUU

I can't help thinking about the similarity between CGG and the Titanic.

After hitting the iceberg, the first class passengers were fussed over and offered hands-on assistance by stewards, second class passengers were told to put on life jackets and come on deck; third class passengers were not told the ship was sinking and were left to their own devices.

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Post ID: @4jgt+11m5asUU

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