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Bailout fuels jobs probe over Henwood rescue
E J Henwood and Sons faced bankruptcy before a Saudi backed firm and Paramount stepped in to bail it out. The bailout drew state and federal probes into eligibility for 173400 in federal funds for a dislocated workers training program. Henwood laid off all staff last March and rehired them, with half the salaries paid by the federal program for 40 weeks.
MENTIONED IN THIS ARTICLE
Joe Hart
Kelvyn Anderson
Daily Times
Darby Township
E.J. Henwood and Sons
Henwood
Dresser Industries Inc
Dallas
Tex
Valve
Alison R. Lazerwitz
Dresser
Paramount
Sadik
State Department of Labor and Industry
U.S. Department of Labor
OET
Patee
Com
OET Re