Another source says it’s 1000 jobs:
Olin moving 1,000 jobs to Mississippi after union rejects concessions
St. Louis Business Journal - by Kelsey Volkmann
Date: Wednesday, November 3, 2010, 3:48pm CDT
Related:
Manufacturing, Energy
Olin Corp. said Wednesday it will move its Winchester Centerfire ammunition operations and 1,000 jobs from East Alton, Ill., to Oxford, Miss., after a union twice rejected concessions that could have kept the jobs here.
The relocation is expected to take place over several years.
The company told the International Association of Machinists and Aerospace Workers in August that it was considering relocating operations to Oxford to save $30 million a year.
Mississippi is providing an incentive package to help Olin build a new 500,000-square-foot facility next to the company’s existing building in Oxford.
Illinois Gov. Pat Quinn, U.S. Rep. Jerry Costello and Sen. Dick Durbin offered Olin an investment package “that was extremely attractive” and would have kept the jobs here, Chairman, President and Chief Executive Joseph Rupp said. “Unfortunately, without the labor costs savings and efficiencies that the IAM proposal would have provided, the state incentives alone would not have allowed us to remain competitive for the long-term at our current location in Illinois.”
Olin’s profit in the third quarter fell 19 percent to $31.8 million, down from $39.4 million in the third quarter of 2009.
The Clayton-based chemical and ammunition maker reported sales of $432.8 million, up 9 percent
That's about $30,000 per job per year.