22 February 2018
visit www.nextgenbanking.co.uk/

Deutsche Bank follows PayPal in pull back from North Carolina

12 April 2016  |  5049 views  |  2 Deutsche bank Head office Flag banner 1

Deutsche Bank is freezing plans to create 250 new jobs at its Cary, North Carolina, location in protest at new state-wide legislation that discriminates against members of the lesbian, gay, bisexual and transgender community.

The Bank’s decision follows moves by PayPal earlier this month to reverse a decision on the location of a new global operations centre in Charlotte that would have created 400 new jobs.

John Cryan, co-chief executive officer of Deutsche Bank, says: “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 currently employs approximately 900 people at its software application development center in Cary and had said in September last year that it planned to add 250 jobs via a $9 million investment through 2017.

Comments: (2)

A Finextra member
A Finextra member | 12 April, 2016, 16:42

I am proud of companies like PayPal and Deutsche Bank. It is unfortunate that North Carolina believes in such hateful values.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 12 April, 2016, 17:00

Quoting without comment:

@GSElevator: Hey @PayPal, nice move canceling 400 NC jobs over transgender bathrooms. BTW, your Asia HQ is in Singapore, where gay sex = 2 years in jail. https://twitter.com/GSElevator/status/717503456567623681

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

PayPal pulls plans to build new facility in Charlotte over LGBT rights

PayPal pulls plans to build new facility in Charlotte over LGBT rights

05 April 2016  |  5099 views  |  1 comments | 3 tweets | 8 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register for the webinarvisit www.swift.com/your-needs/instant-paymentsvisit www.capgemini.com/worldreports

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10289 views comments | 15 tweets | 13 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8559 views comments | 13 tweets | 12 linkedin
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
8074 views comments | 13 tweets | 6 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7291 views comments | 8 tweets | 12 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
7244 views 3 | 7 tweets | 1 linkedin

Featured job

Find your next job