Volkswerft
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Volkswerft
Volkswerft (german: Volkswerft Stralsund GmbH) is a shipyard in the Hanseatic city of Stralsund on the Strelasund. It is part of the German Hegemann-group. The Volkswerft was founded in 1948 as ''Ingenieurbau Ges.m.b.H.''. On April 25 the first trawler was delivered and on June 15, 1948 the '' VEB Volkswerft Stralsund'' was registered. From 1948 till 1953 the shipyard produced 196 ships, all of them to be used for reparation payments to the Soviet Union. In the following years, the Volkswerft produced trawlers for the Soviet and other fleets. In October 1957, the first ship built for a fleet not pertaining to the Eastern Bloc was delivered to Iceland. In 1973, Lloyd's of London saw the Volkswerft as number one in the production of trawlers worldwide. After 1990, the Volkswerft was privatized two times, first as ''Volkswerft Stralsund GmbH'' becoming part of the Vulkan-Gruppe ( Bremen) in 1993. In 1998 it became part of the Maersk group, Maersk having paid 25 million DM to the ...
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Volkseigene Betriebe
The Publicly Owned Enterprise (german: Volkseigener Betrieb; abbreviated VEB) was the main legal form of industrial enterprise in East Germany. They were all publicly owned and were formed after mass nationalisation between 1945 and the early 1960s, and the handing back in 1954 of some 33 enterprises previously taken by the Soviet Union as reparations. The managing director of a VEB was called a plant or works manager (German: ''Werkleiter'', ''Werkdirektor'' or ''Betriebsdirektor''). He or she was assisted by the first secretary of the factory party organisation (''Betriebsparteiorganisation'') of the SED, and the chairman of the factory trade union (''Betriebsgewerkschaftsleitung''). Subordinate to them were roles such as "Chief Accountant" and "Technical Director". VEBs were initially vertically integrated into units called Associations of Publicly Owned Enterprises (''Vereinigung Volkseigener Betriebe'', VVBs). A VVB existed in most major industries to consolidate production a ...
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