Deutsche Bank Now ‘Unwilling to Include North Carolina in Our US Expansion Plans’
$384 billion Deutsche Bank has just announced it “will freeze plans” to add 250 jobs to its operations in Cary, North Carolina, citing Gov. Pat McCrory‘s anti-LGBT law HB2. The jobs were part of a planned $9 million investment in North Carolina by Deutsche Bank’s IT unit, DB Global Technology.
“The Bank’s decision is due to state-wide legislation enacted in North Carolina on March 23 that invalidated existing protections of the rights of lesbian, gay, bisexual and transgender fellow citizens in some municipalities and prevents municipalities from adopting such protections in the future,” Deutsche Bank said in a statement, even posting it to Facebook and Twitter.
“We take our commitment to building inclusive work environments seriously,” John Cryan, Co-Chief Executive Officer of Deutsche Bank, said. “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.”
GOP Gov. McCrory last year issued a press release touting the bank’s planned expansion.
“North Carolina and DB Global Technology both enjoy rich legacies when it comes to innovation in banking and technology,â€Â said Governor McCrory in the Sept. 22, 2015 statement. “Our IT talent, competitive costs, great quality of life and convenient proximity by air to New York City will continue to help foster the growth and success of pioneering businesses like DB Global.â€
North Carolina Commerce Secretary John E. Skvarla, III also heralded the plan to add 250 jobs by Deutsche Bank’sÂ
“Today’s announcement by DB Global Technology illustrates the return North Carolina gets from its proactive support for existing businesses,†Secretary Skvarla had said.
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Image via Deutsche Bank/Twitter
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