Winchester ammo manufacturer to close plant for reloc.

Discussion in 'XDTalk Chatter Box' started by CHolleman, Nov 3, 2010.

  1. Nov 3, 2010 #1
    CHolleman

    CHolleman XDTalk 100 Member

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    The Olin Corp. announced Wednesday that it will suspend production of centerfire ammunition at its plant in East Alton and re-locate the manufacturing operation to Oxford, Miss.

    The move comes less than 24 hours after members of the union representing over Olin 800 workers rejected concessions that would have allowed them to keep their jobs.

    "Our focus always has been on ensuring that we continue producing high-quality products for our customers in an increasingly competitive market," president and CEO Joseph D. Rupp said in a prepared statement.

    "While I am disappointed that employees represented by the International Association of Machinists chose to reject a proposal that would have allowed us to remain competitive in East Alton, we look forward to expanding our existing operations in Mississippi."

    East Alton's second-largest employer, Olin manufactures the centerfire ammunition line for firearms sold under the Winchester brand.

    Developing story.

    It's official: Olin ammo production to Mississippi
     
  2. Nov 3, 2010 #2
    ///MCoupé

    ///MCoupé XDTalk 3K Member

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    weird but the page is locked up at the title.. no story below?
    edit: nvm, slowwwwww to load
     
  3. Nov 3, 2010 #3
    mbpe912

    mbpe912 XDTalk 5K Member Founding Member

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    So how is that union working for them? I guess it helped them feel entilted to the point of being unemployed! Soon Florida will we going after these companies who are dealing with Unions and Rick Scott will get them to FLORIDA!
     
  4. Nov 3, 2010 #4
    Buffman

    Buffman XDTalk 1K Member Founding Member

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    Interesting. Seems that union is working out great isnt it.
     
  5. Nov 3, 2010 #5
    obieone

    obieone XDTalk 2K Member

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    Unions= Lemmings!

    Boeing did the same thing last year. The union in WA state wouldn't budge, so, my neighbors down in Charleston said: "Pssst! Over here. We'll take 3,800+ jobs off your hands":lol:
     
  6. Nov 4, 2010 #6
    plant.one

    plant.one XDTalk 100 Member

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    boeing is just jealous of what the auto makers have been doign with mexico since NAFTA got signed in

    its the one good part of NAFTA, gives the company some leverage against these HUGE massive unions, who are now being self destructive and no longer serve their origional purpous
     
  7. Nov 4, 2010 #7
    ta2dave76

    ta2dave76 XDTalk 5K Member

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    At least its being made here and not over seas.
     
  8. Nov 4, 2010 #8
    gsh341

    gsh341 XDTalk 5K Member

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    Unions really need to wake up to the fact that not all companies are trying to screw the workers and lay off on some of these demands. If they don't, the plants will close and either the business will move (either out of the country or to a right-to-work state) or they will just cease to exist.

    At that point the union has just screwed it's members out of employment.

    Companies need to have low prices to remain competitive. That might require no mandatory bonuses or raises and less benefits. Unless the unions realize this, they will kill the unions off themselves.
     
  9. Nov 4, 2010 #9
    Electrikkoolaid

    Electrikkoolaid XDTalk 500 Member

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    Not to be the odd man out here, but haven't ammo manufacturers had a license to print money for the past few years?

    I don't know what the union was seeking, but I doubt Olin can cry poverty during their negotiations.
     
  10. Nov 4, 2010 #10
    Gunner69

    Gunner69 XDTalk 100 Member

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    According to financial analyst Capital IQ, Olin had a profit margin of 5.45 percent on $1.55 billion in revenues in the fiscal year that ended Sept. 30.

    There's a pretty telling statement right there.. I don't know of any company that would be happy with a 5.45% profit margin.
     

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