Thread regarding CGG Veritas layoffs

how much time does CGG have?

CGG is still making quarterly losses, the debt pile is enormous and the credit line is being further reduced by each loss.

With the majors culling oil and gas spend and no sign of a major pickup, is it over for CGG?

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Post ID: @OP+1cn7kVS5

4 replies (most recent on top)

cgg gets smaller but the debt stays the same

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Post ID: @7zpk+1cn7kVS5

All seismic companies are having trouble recruiting - this isn't a sign of growth but that scientific talent doesn't want to be part of the industry, especially when the processing parts are now run as sweat-shops.

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Post ID: @6lsz+1cn7kVS5

other seismic data processing companys are doing ok. some are even recruiting staff.

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Post ID: @5hat+1cn7kVS5

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