Oireachtas Joint and Select Committees

Wednesday, 18 September 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance

1:30 pm

Mr. Des Carville:

Do not forget that since 2014, I think, there has been a redundancy programme in NAMA. Every year, to the extent that a role is not required, there is a process through which people are made redundant. That is an important part of the equation. As I was trying to say a few moments ago, as we transition from what is NAMA to what the resolution unit itself requires, to the extent that there is a surplus to requirements, that is where the redundancy programme kicks in.

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