Thread regarding CGG Veritas layoffs

CGG Veritas bankruptcy

Thoughts?

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PGS filed for chapter 11 in 2003. Did they go bust ? - oh, no, they didn't .

Veritas DGC came very close to chapter 11 many years ago. What happened to them ?

Pay attention please.

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It's finally happening. Financial restructure = bankruptcy. Creditors won't be happy.

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It's finally happening. Financial restructure = bankruptcy. Creditors won't be happy.

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Interesting article

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That is Good for everyone still in seismic exploration business.

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Interesting article:

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Will there be any money available for another round of redundancies?

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CGG Will seek Chapter 11 soon.

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Could they get help from the French government?

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Unless there is a dramatic increase in the price of oil in 2017 I would suggest CGG will not survive.

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