Mr. Brendan McDonagh:

At the end of this year, we will be down to 256 staff. We are about to announce our voluntary redundancy programme, which will apply to 14 staff by the end of 2017 and 50 a year after that. The issue we are having is that with a €4 billion portfolio there is a higher volume of lower-value assets and these involve as much work as the bigger assets. A big asset can be sold for €100 million, but it might take selling 20 smaller assets in order to reach that figure. It takes time and effort. We are working on the special development zones, SDZs, and the raising of the 20,000 units, so by the end of 2018 we will have declined by 40 to 50 staff and a similar number in 2019. What happens in 2020 depends on whether we can sell down the assets. We review staff numbers twice a year. The issue from our point of view is that with unemployment heading towards 6% and the economy heading towards full employment, our staff are getting very good opportunities in the private sector and we are trying to hold on to them. We are doing our best, and we have managed it so far, but it is not easy.