April 12, 2016

Deutsche Bank freezes job expansion plans in North Carolina

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) announced today that it will freeze plans to create 250 new jobs at its Cary, North Carolina, location.

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.

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 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 is committed to sustaining that existing presence.

On 22 September 2015, Deutsche Bank confirmed plans to add 250 jobs in Cary through 2017.

For further information on that announcement, please click here