CGG is a great company to work for. Good money, training and benefits. The downside is the management who are totally clueless. I know all companies in this sector are struggling in the current climate but many of CGG's problems right now are of their own making. I think it is highly unlikely that this company will survive the current downturn with the current French management in place.
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Agreed..... but CGG is a special case.... managment truly is incompetent. The only satisfcation I take from this is that all the "important people" with fancy job titles and who did nothing will now be history. You know who you are......!
It is the same in oil companies too. The staff always have to pay for bad management decisions
I don't work for CGG. I work for one of the "other guys" in the same sector. It appears that one constant in the entire sector is that management is always bad. At the higher levels, people leave one company (unwillingly) just to show up at another one and screw it up too. CGG, TCG, ION, WesternGeco, PGS, Fugro, Dolphin... they're all the same: A company of good people with lousy managers. In the good times nobody cares and in the bad times the "rank and file" pay the price for managers who ultimately only have their own best interest in hand.
That's probably the same for every company in the world.