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Job Training Program Crashes Amid Bankruptcies in Two Cities
A federal job training program once funded to aid hard core unemployed collapses as bankruptcies hit. In Los Angeles and New York City SIP funds supported 19 firms with 10.5 million dollars, yet only 526 of 3,751 hired in LA and 566 of 2,404 in NYC were on the job. Eight firms failed or reorganized, with one company settling for under two cents on the dollar.
MENTIONED IN THIS ARTICLE
Washington
Los Angeles
New York City
Mixon
Johnson
Labor Department
SIP
U.S
New York
Stanley H. Ruttetberg
Ruttenberg
Gary
Ind
Cleveland
Rultenberg
Stephen Shulman
Secretary of Labor
Equal Employment Opportunity Commission
Shulman
Samuel Ganz
Monarch Electronics
Monarch
Meyer
Buck” Price
Noto
Leotard Ashbach
Securities & Exchange Commission
Torite Enterprises Inc
Sahagen
Sacomina of
GAO
al Lugo
West Coast
Industry