Fedex leaves 800 jobless

October 14, 2007  --  Got something to say?
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FeDexSUBIC FREEPORT Subic Bay Metropolitan Authority is considering two options on the 300,000-square foot facility

to be vacated by US-based Federal Express in the Subic free port when it relocates its Asia-Pacific hub operations to Guangzhou next year. Administrator Armand Arreza told reporters that the agency was in talks with several groups for the possible takeover of the facility after the termination of FedExs lease next year.
Arreza said FedEx had not officially signed the pre-termination of its lease contract with the agency. The lease is set to expire in 2010 but FedEx has opted to end its contract two years earlier and move its Asia-Pacific hub operations to Guangzhou.

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