Maybe the rest of CGG has no reason to stay, but those who work at HampsonRussell have always been somewhat separate from the rest of CGG. Consider the calibre of experts here: Brian Russell, Dan Hampson, Jon Downton, etc. We underlings have never thought highly of Jean Malcor, but always very highly of HampsonRussell.
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The simple truth : Most CGG employees are not capable of surviving outside CGG.
If you were a capable geophysicist, you would have moved on to a comfortable job at an oil company by now. The fact that you're still at CGG means you're useless.
Could you imagine clowns like Sophie Zurqiyah, Jerry Yang or Dechun Lin working for well run companies, like Google or Facebook? They probably wouldn't even make it past the first interview.
The Best Way To Avoid A Layoff Is To Go Off Sick. You Cannot Sack A Sick Man.
My passion for geoscience
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I was retrenched in late 2015 (if you can recall the workforce reduction exercise in Nov of that year). I was fortunate to have received a package which definitely came in handy. Due to the prospects in O and G and specifically the lack of opportunities in Geosciences where I'm from, I decided (you can also say forced) to change fields. It's been very challenging to say the least and I only got a full time job after 2 years.
Hindsight is 20/20 as the cliche goes and if I've knew then what I knew now I would begun retraining myself, built better networking contacts and preparing myself in 2014. However I think I still would not have voluntarily left (fear of the unknown is sometimes more scary that the hazards in front of you). I can totally understand why there are people are staying at CGG (although it might not seem rational to an outsider), be it hoping for a package or hoping that CGG will pull through.
My advice to anyone at CGG is nothing new; Hope for the best but prepare for the worst. In fact, given all the signs we've seen so far, I would be surprised if anyone has not worked on their 'Plan B' yet. It would be hard to understand (and maybe sympathize) if you have don't have a plan in place by now. If the worst happens, it will be hard, challenging and emotionally draining but imagine how hard it will be if you're not prepared.
I was retrenched in late 2015 (if you can recall the workforce reduction exercise in Nov of that year). I was fortunate to have received a package which definitely came in handy. Due to the prospects in O Hope for the best but prepare for the worst. In fact, given all the signs we've seen so far, I would be surprised if anyone has not worked on their 'Plan B' yet. It would be hard to understand (and maybe sympathize) if you have don't have a plan in place by now. If the worst happens, it will be hard, challenging and emotionally draining but imagine how hard it will be if you're not prepared.
those who have found a new job in the uk can i please ask you for advice.
did you use a job agency/recruitment service?
I AM DESPERATELY SEEKING EMPLOYMENT ELSEWHERE.
WHATS THE POINT OF WAITING FOR A PAYOFF, WHEN CGG GOES BANKRUPT THERE WILL NOT BE ANYTHING LEFT TO PAY STAFF.
I was forced to take a package last year but I'm happy - glad to get out of that industry. Things have changed and CGG doesn't seem to respond well. HR was involved in the process and were of no help; they had a different and wrong interpretation of the numbers. Glad my boss set them straight but it was funny to see them both argue.
I personally took the package and jumped out. Geophysicst and seismic market are f---ed. Very few positions and too many applicants with different level of experiences. Wrong time, wrong place, wrong degree!
I imagine that the passengers on the Titanic also waited until the last minute before boarding the lifeboats. It's human nature to think that somehow, someway, things can change for the better. I just wouldn't put my money on CGG staying afloat.
Honestly, because no one else is going to pay me this much without really doing any work.
Burger King not recruiting....
There are no vacancies in my field.
Passion for Geoscience
FAT, 40, FEMALE, FOREIGN
Fear of the unknown, vacation amounts, hopes of getting a package like so many did, wait and see for a potential buy out. Many that choose to stay can’t do any better, and other companies, smart companies, would not pay their high wages to slack off all day.
Collecting a pay cheque is a lot easier than being unemployed.