Deutsche Bank is latest business to protest North Carolina anti-LGBT law

Deutsche Bank

Deutsche Bank became the latest business to scale back its plans in North Carolina on Tuesday, citing the state’s decision to invalidate existing protections of the rights of its lesbian, gay, bisexual and transgender citizens.

The bank announced it will freeze plans to create 250 new jobs at its Cary, North Carolina location. The decision follows an announcement from PayPal that it has dropped plans to expand in the state, creating 400 new jobs.

Business leaders from American Airlines, Apple, Bank of America, Disney and others have all protested against statewide legislation enacted in North Carolina on 23 March that invalidated existing protections and prevents municipalities from adopting such protections in the future. Mississippi has also attracted ire this month after introducing its own bill to allow individuals and institutions to deny services to LGBT people on religious grounds.

John Cryan, co-chief executive officer of Deutsche Bank, said: “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 revisit 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 said it was committed to sustaining that existing presence.

Since the US supreme court backed same sex marriage last year there has been a flood of anti-LGBT legislation across the US. Some 21 states, mainly in the south, have passed legislation that weakens protections for LGBT people in cases of discrimination.

Business leaders have been joined by artists in their condemnation of the moves.

Canadian rocker Bryan Adams has canceled a concert in Mississippi in protest of the legislation. Bruce Springsteen axed a concert in North Carolina is protest of their legislation. “To my mind, it’s an attempt by people who cannot stand the progress our country has made in recognizing the human rights of all of our citizens to overturn that progress,” Springsteen said in a statement.

Powered by Guardian.co.ukThis article was written by Guardian staff, for theguardian.com on Tuesday 12th April 2016 17.12 Europe/Londonguardian.co.uk © Guardian News and Media Limited 2010

 

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