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Deutsche Bank “unwilling” to expand in North Carolina because of anti-LGBT law, freezes 250 jobs

Deutsche-Bank-LogoDeutsche Bank becomes the latest corporation to announce it is cancelling jobs planned for North Carolina following the signing of House Bill 2.

The global financial services provider announced Tuesday morning that the decision was based on legislation that invalidated existing protections of the rights of lesbian, gay, bisexual and transgender citizens and prevents municipalities from adopting such protections in the future.

“We take our commitment to building inclusive work environments seriously. We’re proud of our operations and employees in Cary and regret that as a result of this legislation we are unwilling to include North Carolina in our US expansion plans for now. We very much hope that we can re-visit our plans to grow this location in the near future,” said John Cryan, Co-Chief Executive Officer of Deutsche Bank.

Just last September Deutsche Bank confirmed plans to add 250 jobs in Cary by the end of  2017. The company had planned to invest $9 million in Wake County by the end of this year, according to a news release issued by the governor’s press office.

Last week PayPal announced plans to cancel 400 jobs in North Carolina because of the legislation signed by Governor Pat McCrory on March 23rd.

One Comment


  1. Sam Osborne

    April 12, 2016 at 11:16 am

    Disregarding the fact that this whole thing might only be adequately dealt with in musical comedy:

    Does this law have to do with the health of person corporeal or that of the immortal soul; and of either or both, what might that have to do with selling a wedding cake or eating a cake under any circumstance whatsoever? From the outside looking into the holy State of North Carolina it doth appear that this matter takes the cake—or doth the potential for damnation come in the backing? Oh, and will licensed businesses still be able to sell both angel’s food and devil’s food cake, or will it be separate but equal? I do want to apologized to any North Carolina-inians that may have been offended by any mixed metaphor offending the pure of soul—particularly if it falls flat as . . . ah . . . half-baked wedding cake. Wish I would Passover this kind of nonsense, and maybe I could if stuck to a diet of unleavened bread and bitter herbs—assuming that being a bit Jewish is kosher in North Carolina thinking—ah poor me:

    “Dear God, you made many, many poor people.
    I realize, of course, that it’s no shame to be poor.
    But it’s no great honor either!
    So, what would have been so terrible if I had a small fortune?”

    If I were a rich man,
    Ya ha deedle deedle, bubba bubba deedle deedle dum.
    All day long I’d biddy biddy bum.
    If I were a wealthy man.
    I wouldn’t have to work hard.
    Ya ha deedle deedle, bubba bubba deedle deedle dum.
    If I were a biddy biddy rich,
    Yidle-diddle-didle-didle man.

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