Deutsche Bank Nixes Plan To Expand In North Carolina Over Anti-LGBT Law

April 12, 2016 11:15 a.m.

Deutsche Bank announced Tuesday that it would suspend its plans to add 250 jobs in its Cary, North Carolina office, citing the state’s sweeping law that overrode local measures protecting LGBT individuals from discrimination and limited employees’ ability to sue over workplace discrimination.

“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,” Deutsche Bank Co-CEO John Cryan (pictured above) said in a statement.

The company currently employs 900 people in Cary, and in September 2015 announced plans to add 250 jobs, the Charlotte Observer reported.

Deutsche Bank’s decision follow’s PayPal’s announcement earlier in April that it would not open a new operations center in Charlotte that would have created 400 jobs in the state. Numerous corporations with a presence in the state have spoken out against the law, and several film studios have said they will stop filming in the state.

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North Carolina Gov. Pat McCrory (R) signed the legislation into law in March after lawmakers held a special legislative session to rush the bill through. The law directs public bathrooms to require people to use the restroom that corresponds to the sex on their birth certificate, and it keeps local governments from passing measures that protect gay and transgender people from discrimination. It also eliminates private sector employees’ ability to sue over workplace discrimination under state law.

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