Mr. Brendan McDonagh:

Yes. We plan to go from 143 staff down to 80 next year. Some 63 people will be made redundant. At the end of the day, it is not a nice thing when people have worked hard for the agency over the years to thank them and tell them their jobs are gone. However, everybody knew when they came into NAMA that it had a limited lifespan and once the assets are gone that is it. We cannot employ people unless we have work for them.