Thread regarding CGG Veritas layoffs

What happen to my pension if CGG goes bankcrupt?

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Post ID: @WW1fiM3

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pensions are safe. redundancy payments are not which is why i dont understand why so many of you who are still working for cgg are waiting for the payoffs!!!!!!!!!! when this company goes under there will be no money left for staff :-(

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Post ID: @WW1fiM3-zba

CGG don't hold your pension, a pension company do. Even if that pension company fails, there is governmental insurance in most countries - 90% in the UK, for example. The biggest negative if CGG go bankrupt is that you lose your wages and any possibility of a package - obviously investors, our creditors and our top-management get their hands on CGG's assets first...employees are well down the list.

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Post ID: @WW1fiM3-ndm

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