Another blow to Clayton (Centene with major reduction yesterday) and today Olin announces its it’s buying another company and moving to its HQ in Texas. If it stayed here it would have bounced way back into F500 next year with $12.4b in revenue

https://www.huntsman.com/news/media-rel ... -of-equals

dbInSouthCity wrote:Another blow to Clayton (Centene with major reduction yesterday) and today Olin announces its it’s buying another company and moving to its HQ in Texas. If it stayed here it would have bounced way back into F500 next year with $12.4b in revenue

https://www.huntsman.com/news/media-rel ... -of-equals

Not really that big of a deal. It’s just a small executive office in Clayton, I’m sure they’ll fill it back up quickly.

Assuming their East Alton facility will stay open, the effects should be pretty minimal, but it still stings anytime the region loses an HQ

STLcommenter wrote: ↑

12:52 PM - 2 days ago

dbInSouthCity wrote:Another blow to Clayton (Centene with major reduction yesterday) and today Olin announces its it’s buying another company and moving to its HQ in Texas. If it stayed here it would have bounced way back into F500 next year with $12.4b in revenue

https://www.huntsman.com/news/media-rel ... -of-equals

Not really that big of a deal. It’s just a small executive office in Clayton, I’m sure they’ll fill it back up quickly.

Assuming their East Alton facility will stay open, the effects should be pretty minimal, but it still stings anytime the region loses an HQ

Agree with this. I’m less concerned with Clayton and more concerned with the optics of STL losing a F1000 and potential company that could add to our F500 number

Is this not accurate? (Google AI) 

"Approximately 800 employees work at Olin Corporation's principal executive headquarters in Clayton, Missouri. Company-wide, Olin employs approximately 7,600 to 7,800 people globally across its operations in more than 15 countries"

This stings regardless because STL will lose a F1000 company and the opportunity for another F500 no matter what, but it really depends on how many local employees will remain here. Are they closing the office entirely? Are they keeping it? That's really what will determine the true affect of this merger and C-suite move.

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^ If Google AI is accurate, Olin plans to completely vacate the Clayton office. Whether that means they keep a presence or not, who knows. Would they keep some people here in a smaller capacity outside of East Alton, doubtful. If we are in fact losing 800 jobs to Houston, that is huge well beyond the F1000 hit. The rich (Houston) get richer. 

I'm just happy for Jacob Kirn. Any day he can write that a company (big or small) is moving is a good day for him. 

DogtownBnR wrote:^ If Google AI is accurate, Olin plans to completely vacate the Clayton office. Whether that means they keep a presence or not, who knows. Would they keep some people here in a smaller capacity outside of East Alton, doubtful. If we are in fact losing 800 jobs to Houston, that is huge well beyond the F1000 hit. The rich (Houston) get richer. 

Yea if it turns out as a loss of 800 jobs, framing it as a large hit to Clayton is absolutely accurate.

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This is why AI cannot be trusted. Another search produced this info (Latest from Google AI) If this is accurate, we are talking about 100-200 corp. positions. Still terrible for STL. 

The vast majority of Olin's local workforce—roughly 600 to 700 employees—work at the Winchester ammunition facility in East Alton, Illinois. [1, 2]
While Olin Corporation does not publicly publish a precise tracker of individual building headcounts, the breakdown can be calculated based on regional employment data:

• Total St. Louis Workforce: Olin employs about 800 people in the greater St. Louis metropolitan area. [1]
• Corporate Headquarters (Clayton, MO): The executive headquarters at The Plaza in Clayton houses the executive leadership, legal, corporate communications, finance, and administrative teams. This typically accounts for 100 to 200 corporate staff positions. [1, 2]
• Winchester Facility (East Alton, IL): Because the Clayton headquarters and the East Alton plant are Olin's only two physical operating locations in the St. Louis area, subtracting the corporate office leaves the remaining 600+ workers physically stationed at the East Alton manufacturing site.

First, this is not 800 jobs. Most of those local jobs are based in a manufacturing plant in East Alton. Those will not be impacted. 
Second, this is a fairly typical merger of one primarily domestic and one primarily international operation. Houston is the oil and gas leader of the US. 

We don't need to doom-max. 

^ I posted a correction to the inaccurate AI stats I got initially. 

Not doom-maxing, but let's not sugarcoat this. This is bad news. While Olin has not been HQ'd here for a hundred years, we are not like TX or say a Chicago that is gaining more corp. HQ than we are losing. Boeing Defense is an exception lately, lost it & got it back. 

My comment wasn't directed at just you. I'm not asking to surgarcoat anything. I'm just suggesting everybody take a step back before running with any narrative that St. Louis is at fault. Companies merge. This is one of dozens announced today. On paper this merger makes sense. 

Regaring HQs, STL is doing just fine. Better than most mid-sized regions the last ten years.

^ Agree on panic & narrative. Just hate to lose any HQ, especially in a merger that the local company is buying the other company. Get the Houston energy thing. I'm sure it makes sense, but it sucks either way. 

There’s nowhere close to 200 people at Carondelet Plaza for Olin. Even 100 sounds way too high.

Is Chicago gaining HQs? Seems like they’ve seen many notable departures in recent years with Boeing, CAT, Citadel, Tyson, Morton Salt, TTX, Guggenheim all exiting

The P-D article suggests there's 232 to 277 employees based in Clayton.

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I work at Carondelet Plaza, there’s no way. Maybe they have an aggressive remote policy to support that number.