Oireachtas Joint and Select Committees

Thursday, 8 October 2020

Public Accounts Committee

Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019

11:30 am

Mr. Brendan McDonagh:

NAMA is in run-down. At one stage we had 380 people. I think it was in 2014. We were down to 211 at the end of 2019. We have just run a redundancy programme again and our target is to get to 143 by the middle of next year and by the middle of 2022, we will be down to about 80 people. Our people are leaving and being made redundant. Like everybody, they have commitments, mortgages and families. They are moving.