Bank drops plans to add 250 jobs in Cary, cites HB2

Bank drops plans to add 250 jobs in Cary, cites HB2

CARY, NC (WNCN) - Deutsche Bank announced Tuesday that it will freeze plans to create 250 new jobs at its Cary, North Carolina, location, the company said in a news release.

The bank said its decision was "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."

"We take our commitment to building inclusive work environments seriously," said John Cryan, co-chief executive officer of Deutsche Bank. "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 U.S. expansion plans for now. We very much hope that we can re-visit our plans to grow this location in the near future."

The company said it currently employs approximately 900 people at its software application development center in Cary and plans to continue at that level.

The company had announced Sept. 22 it would add 250 jobs in Cary through 2017.

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