Wikipedia
Nordseewerke
Nordseewerke Emden GmbH (sometimes abbreviated NSWE, in English: North Sea Company) was a shipbuilding company, located in the north German city of Emden. Founded in 1903 shipbuilding ended in 2010 and the company was overtaken by the Schaaf Industrie AG (SIAG), which among others produces components for off-shore systems.
The shipyard employed some 1,400 people in the last years and with that it was the second-largest employer in Emden, following the plant of the Volkswagen automotive company. Today the situation is very critical and only few of the former coworkers of the shipyard are still employed with the new owner SIAG, which also became insolvent in 2012.