East Alton fears the potential loss of 1000 jobs - KMOV.com

East Alton fears the potential loss of 1000 jobs

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By Lakisha Jackson By Lakisha Jackson
By Lakisha Jackson By Lakisha Jackson
By Lakisha Jackson By Lakisha Jackson
By Lakisha Jackson By Lakisha Jackson

(KMOV) -- A spokesperson with the Olin corporation confirms to News 4's Russell Kinsaul that the company is considering moving its Winchester division and 1000 jobs to Mississippi.

The company won't say why it's considering the move at a time when demand for ammunition is high and profits are high during a down economy. Speculation is that the company wants to take advantage of the poor economy to get economic incentives to reduce its cost.

Union leaders will meet with Olin representatives this week and are vowing to make a strong effort to convince the company not to move.
 

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