Facebook Twitter

Fund set up for ex-Enron workers

SHARE Fund set up for ex-Enron workers

HOUSTON — Workers who lost jobs at Enron Corp. are in line for assistance from a new fund that is financed in part by campaign donations that several politicians received from the company.

The Enron Employee Transition Fund will help the laid-off workers with career counseling, job placement services, and negotiations for deferments on mortgages and other payments. To a lesser extent, it also will help workers with direct assistance for certain expenses.

The Greater Houston Community Foundation said Friday it set up the fund and donated $50,000 to get it started. Sen. Kay Bailey Hutchison, R-Texas, donated $100,000 in political contributions she received from Enron and its employees, and New York Gov. George Pataki gave $6,000 in political contributions.

"Enron employees and retirees have borne the brunt of the company's collapse," Hutchison said. "The foundation's fund will be there to help them through these difficult times."

On Thursday, a separate fund, the Enron Ex-Employee Relief Fund, gave out its first checks for laid-off workers. That fund also has received donations from politicians who wanted to return campaign contributions they received from Enron.