CGG Norway has announced a need to cut as many as 70 % of its workforce by the end 2017. Employees were informed of the new cuts this week.

The least suprising news of this week. http://timesofindia.indiatimes.com/business/international-business/Sinopec-press-conference-later-today-regarding-CGG-acquisition/articleshow/60220481.cms

http://uk.reuters.com/article/us-cgg-sinopec-corp-idUSKCN1B2174

There are over 20 positions all over the world are still open for applications now. http://www.cgg.com/en/Join-Us

Does anyone know of any more redundancies for offshore field crews?

United States Bankruptcy Court Southern District of New York Chapter 11 Case #: 17-11639 Meeting of creditors: Date: August 9, 2017 at 2:30pm Location: United States Bankruptcy Court, SDNY One Bowling Green, Room 523 New York, New York 10004-1408

Any one have any thoughts about repercussions of declining stock price? Is there some price that might warrant a takeover? Is CGG likely to get money for refinancing with declining stock price?

What ever happened to this deal? Wasnt cgg going to sell it? Is it finalized or did it fall throuogh?

United States Bankruptcy Court Southern District of New York This is it! Ladies and gentlemen. Chapter 11 Case #: 17-11639 Meeting of creditors: Date: August 9, 2017 at 2:30pm Location: United States Bankruptcy Court, SDNY One Bowling Green, Room 523... — read more 

Realistically as a company, I cannot see them being brought out or taken over. What would a buyer gain from doing so? Sure they will have employee’s but let's face it, most of the experienced ones have either been made redundant or even just walked... — read more 

I heard CGG are planning to construct a Death Star.

For some reason, I feel like we are in calm before the storm phase. I hope I am wrong. If anybody has any info on CGG's plans, please post here.

With the stock price just over 4 bucks how vulnerable is CGG to takeover right now?? I know there is a lot debt but surely there must be value somewhere (?)

I'm not sure if this is the right forum to post. However, with all the uncertainty about the companies future, does anyone know what will happen to the pension? I presume it's covered for circumstances such as this?

Do you know if the BK is applicable to CGG Veritas De Mexico?

I submitted my 2 week resignation letter, via email, to the HR manager, following the personnel handbook. I then forwarded the email to my personal email account for my own record. Later that day, I emailed the same worded resignation letter to my... — read more 

http://oilpro.com/post/32002/largest-seabed-seismic-survey-awarded-to-cgg

http://www.offshoreenergytoday.com/cgg-faces-uncertainties-to-carry-on-as-a-going-concern/ The company’s restructuring plan entails full conversion of unsecured debt into equity and raising up to $500 million of new money through a $125 million... — read more 

Huge impact on my background!

It is true and because of this CGG will never become a profitable company. They will be always in debt because they have too many levels of management and affiliated non-technical staffs to do their paper works and travel bookings. How could they... — read more 

Everyone who is still working at CGG should have a look at this article. http://www.bankrate.com/finance/personal-finance/surviving-a-workplace-bankruptcy-1.aspx Surviving a workplace meltdown Tidy up your own financial house Tie up loose ends with... — read more 

No wonder the company is in the state it's in. I worked at Robertson UK, who have had two rounds of redundancies, all of which have been shop-floor staffing levels. Not a single manager or director has been made redundant. It's such a top-heavy... — read more 

CGG is a big company and they have many offices around the globe. If the HR staffs in one of these offices are rude to the employees it is unfair to generalize it to others. I worked with CGG in downtown Calgary until few months ago and I would like... — read more 

Where does CGG go from here....? What does the future hold..?

When is Malcor going to be forced to resign.....?

Funny that the name Veritas is creeping into these posts as soon as the bankruptcy proceedings are underway. It is only now that it is being aired when people are reflecting on what went wrong. 10 yrs ago Robert Brunck CGG CEO did a Town Hall in... — read more 

Following the Veritas (VDGC) - CGG merger the new company ran fairly effectively with both sides of the new company continuing to run their respective vessels / offices / processing centres etc without any major upheavals, the only real differences... — read more 

I've never understood the logic of buying things you already have. Merging different systems whether it's in processing or acquisition is just about impossible. The only thing you really get is more people, but only if you can keep them. Dave Robson... — read more 

It was the purchase of the Wavefield fleet that was a waste of money. CGG management seemed obsessed with buying out the competition. Left to their own devices, Wavefield would have gone bankrupt.... they could never have afforded the costs of... — read more 

Most of surviving company has adapted it got more efficient. Cgg is on the other side. As a processing company, it has the most of levels in the industry and history. In each quarterly report of the last 8 quarters, the management has never talked... — read more 

When I read comments I see People at the old VeritasDGC thought it was great and a company run correctly People at the old CGG thought it was great and a company run correctly In practice, independently both companies were probably great. Everyone... — read more 

So what is actually happening with the bankruptcy filings? Is this the formal process of the last months' negotiations or something totally new? http://www.nasdaq.com/article/cgg-files-for-bankruptcy-protection-20170615-00056

http://time.com/money/4531787/sinking-ship-failing-company/ Red Flag: Closed doors and poor communication Red Flag: Employee perks start to vanish Red Flag: Executives make for the exits Red Flag: Workflow slows down Red Flag: Empty desks Red Flag:... — read more 

Is CGG going to survive the year???? The prospects for the industry do not look any more promising next year.

How many were let go? I heard most of them were senior to team leader level. Is that true?

http://www.nasdaq.com/press-release/cgg-wins-extension-until-2021-for-oman-dedicated-center-20170523-00021 Paris, France - May 23, 2017 CGG announced today the extension, until the end of 2021, of its contract with Petroleum Development Oman (PDO)... — read more