November 15th, 2010

Olin Moves Winchester Operations from Illinois to Mississippi

Olin Corp. (NYSE: OLN) has announced that its Winchester centerfire operations and approximately 1,000 jobs will be relocated to Oxford, Mississippi (Lafayette County). The company’s decision follows two failed ratification votes by members of the International Association of Machinists and Aerospace Workers, in which employees twice rejected a union proposal that would have allowed Centerfire Operations to remain in East Alton, Illinois. The company informed the unions in August that it was considering relocating operations to Oxford to enhance the competitiveness of its operations. The company engaged in discussions with union leaders over the past two months, but Olin’s final offers were rejected, so Olin decided to move its operations down South.
Olin Corp. Winchester
Olin’s relocation decision was influenced by an incentive package offered by Mississippi Gov. Haley Barbour. According to Business Week, the Mississippi State Development Authority will give Lafayette County $25,000,000 “to build a new 500,000-square-foot building for Olin.” The new publicly-owned Olin plant will be built near the current Winchester facility in Oxford. Lafayette County is also “providing the site and site preparation work.” CLICK HERE for more details from Business Week.

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