It appears, there were some other issues involved with this:
-Olin relocated their rimfire manufacturing business to the Oxford, Mississippi plant in 2004.
-Olin has been in a fierce battle over the property tax assessments by Madison County every year since 2003. Last years assessment was over $35 million dollars, while Olin's auditors argued in vain apparently that it should only be assessed at $17 million.
-In August of this year, Olin issued a press release that it was looking at moving the facility out of Madison County. They also had their lobbyist inform politicians of the decision the day before it was announced. State Senators respond, that they can't make an incentive package for Olin, when Olin won't announce why they're considering moving. Meanwhile Olin is apparently still vigorously appealing their property tax assessments.
-The Leadership Council of Southwest Illinois, an economic development group for the area announces that they'd like to develop an incentive package to stay but there's unfortunately no state funding to draw upon. Additionally, they state that with the time frame Olin announced, it doesn't sound like they could analyze the situation properly.
-Olin announces that the state of Mississippi has offered them substantial and staggering incentives to move there. Which is later determined to be approximately $25 Million dollars and significantly reduced taxes.
-After setting the stage, Olin demands concessions from the workforce while the current contract is in place, a violation there of. Which reportedly include a freeze of wages for upwards of seven years, reduction of vacation time, elimination of vacation bonus days, and elimination of company match towards 401k retirement accounts. The workers reject the contract concessions, with reasons such as executive pay, company profits, government contracts, and the fact that they don't believe Olin would live up to the agreement anyways.
-Olin offers the same proposal again, with the addition of a statement that they fingers-crossed-promise not to move jobs from the facility to Mississippi during the mentioned period.
-Workers reject the concessions, 593-470. Olin embraces Mississippi's bribe and is moving much of their production there.
Sigh, life goes on.