FedEx has announced two years ago that its Asian hub will be relocate from Subic Bay Freeport, a former US naval base, to Guangzhou in southern China.
Subic has been the hub of FedEx’s Asia-Pacific operations since 1995, making it one of the pioneer locators here. After the closure of the US naval base in 1992, FedEx became one of the biggest investors in this free port.
FedEx hub earned the SBMA about P150 million ($3.2 million) from landing fees and warehousing in 2008.And 500 workers would lose their jobs.
SBMA said that it's hard to find company Giant like FedEx that will Rent the hub.
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