Mr. Tom Hayes:

They are bubbling up. You do not need to be a rocket scientist to work out that with the level of inflation we have following Covid-19, the downturn as a result of the war in Ukraine and other global factors, many multinational companies have to look at the structure of their operations. For instance, there is the lack of spare parts in the auto industry because Ukraine has a very sizable sub-assembly industry for the auto businesses and that is having an impact. We are in the early stages of seeing companies looking at restructuring, and, of course, restructuring is always painful. There is not question about that. Nobody likes to lose their job and nobody likes to tell somebody they are going to lose their job. That stuff is in the pipeline.