Oh dear. Seems FedEx really got under someones skin. Probably ran 'too-tight-a-ship'

I'm not sure exactly what operations still remain in Philippines, but I recall that their Asian-Pacific hub at Subic Bay essentially closed down some years ago. Followed by large numbers of local support business also closing down with considerable loss of jobs.

I doubt this latest move will cause huge ripples, but I'll bet FedEx will never again return to Phils in terms of major operations.
Shooting and foot come to mind.