The United States Federal Express Group plans to relocate the Asia -Pacific headquarters from Hong Kong to Singapore, which has frustrated Hong Kong's image as an international business center.
According to Bloomberg News on Thursday (May 4), Federal Express said in an email statement that the company will integrate some functions of some Asia -Pacific, Middle East and AMEA (AMEA) headquarters in Singapore.Connect all our business in the region in a more flexible way. "
The company also said that the "significant" existence and leadership positions will be retained in Hong Kong.The company has 35,000 employees in the region and provides services to more than 100 countries.
The report quoted anonymous insiders that the Federal Express, headquartered in Memphis, Tennessee, USA, also plans to transfer some executives in Hong Kong, including regional president Kawal Prete to Singapore.Federal express Hong Kong employees were told that the management team will migrate in September.
One of the people familiar with the matter said that the company will still retain the office and most of the employees related to Hong Kong business in Hong Kong, and they are also considering that some of the posts have moved to Malaysia or India to reduce costs.
Federal Express said that there are less than 15%from Hong Kong to Singapore.The Hong Kong office will continue to provide "important support" for the region.
