Thread regarding CGG Veritas layoffs

CGG NY Stock exchange (NYSE)

NYSE:

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Oct 21 USD 29+

Nov 18 USD 13+

http://finance.yahoo.com/quote/cgg?ltr=1

Used to be 11000+ employees (by the end of this year, about 6000 employees).

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| 1691 views | | 8 replies (last December 21, 2016) | Reply
Post ID: @OP+KshJnq3

8 replies (most recent on top)

Bonds are due in the next few years BILLIONS, stock is a joke - IGNORE the price as the banks are

the owners at more than 2 billion debt. The French may just sell off everything and keep a small

presence for unionized workers back home

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Post ID: @vani+KshJnq3

sounds good.

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Post ID: @brca+KshJnq3

di·ar·rhe·a - a condition in which feces are discharged from the bowels frequently and in a liquid form.

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Post ID: @3wzu+KshJnq3

100+ (more or less the same about 2 years ago).

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Post ID: @2der+KshJnq3

How many of the 6,000 employees are VP's or SVP's? Seems to be a lot of them.

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Post ID: @2zpl+KshJnq3

Group Net Debt at $2,304m as of September 2016. Average close to USD 0.4m per employee.

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Post ID: @1rdb+KshJnq3

What about Sercel? What about Data Management Business (Petrobank)?

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Post ID: @1giv+KshJnq3

When the stock drops below $7 expect aggressive takeover bid and asset stripping. They new buyer will not want land or marine acquisition.

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Post ID: @1aio+KshJnq3

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