Deutsche 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.
— Deutsche Bank (@DeutscheBank) April 12, 2016