Mourning in Schwerin: Ex-Jug-WGS boss Michael Veiga died surprisingly

Mourning in Schwerin: Ex-Jug-WGS boss Michael Veiga died surprisingly

Schwerin mourns the loss of Michael Veiga, the former managing director of the Schwerin housing company (WGS), who died on July 12, 2025 at the age of 56. The sad news was published by his family on his Facebook profile. Veiga started moving to Karlsruhe a few months ago to spend intensive time with his family.

Michael Veiga took over the management of the shared apartments on August 1, 2023 at a time that was anything but easy. He succeeded Ulrich Bartsch after Thomas Kochig's previous management had been released. This was already the third change in the management within just 18 months, which surprised many, especially on the supervisory board and the city administration. The WGS, a urban company with over 10,000 residential units, is now planning to fill the managing director of the managing director, as Mayor Rico Badenschier has already prospect.

cost reduction and structural changes

In his short time as managing director, Veiga showed a good knack for the strategic management of the shared apartments. He carried out extensive restructuring and managed to reduce the running costs by a seven -digit sum. One of the most controversial measures was the closure of the tenant center in the Lankow district, which earned annual savings of around 60,000 euros. This decision met with mixed reactions, but the savings were necessary to improve the company's financial situation. Many of the savings that Veiga realized will only be fully effective in the coming year, but his measures show that he was aiming for a positive direction even in difficult times.

Another step that Veiga implemented was the relocation of employees into empty rooms from the company headquarters in the city center. As early as the spring of 2024, he announced that he could no longer be able to meet his office on August 1, 2024 for family reasons. He spoke openly about the burdens that the distance to his family brought with him and made it clear that the compatibility of work and private life was no longer available for him.

a lasting inheritance

Michael Veiga will be remembered in Schwerin as an objective, enforcement -strong and binding manager. His ability to successfully control difficult changes will surely be discussed in the coming years. The real estate industry in which the WGS operates is characterized by its special features, including long amortization periods and a high proportion of municipal market participants. The importance of a strategic management, as being treated in a comprehensive work on the housing and real estate industry, is essential for the continued existence of such institutions.

The WGS is now facing a new phase in which the decisions made and developed savings can have an effect. While the city is preparing for the next management, the memory of Michael Veiga and his contributions to the WGS remains.

For more information you can do the articles on Schwerin-lokal.de and nordkurier.de Read. In-depth aspects about strategic management in the real estate industry can be found in a work on Beck-elibrary.de .