− confirmed that pursuant to the draft safeguard plan and in light of the underlying market assumptions of its Business Plan, no social or industrial restructuring is contemplated in France, it being noted that its strategic transformation plan, whose implementation was completed by the end of 2016, has already led to the reduction of the group’s workforce by half as compared to the end of 2013; more precisely, unless otherwise authorized by the Commercial Court of Paris, the Company undertook to refrain from any redundancy plan in France until December 31, 2019 and to maintain, and to do what is necessary for the French law subsidiaries it controls within the meaning of article L.233-3 of the French Commercial Code to maintain the decision centers currently located in France, including the Company’s registered office until December 31, 2022;
In other words, over the past 4 years, CGG has reduced its global workforce by half in order to protect jobs and decision centers in France.
"Make France Great Again"
"Vive la France !"