Written answers

Tuesday, 12 February 2019

Department of Finance

NAMA Staff Remuneration

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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191. To ask the Minister for Finance the amount paid out by the National Asset Management Agency in voluntary redundancy payments in 2018; the number of staff that took voluntary redundancy in 2018; and if he will make a statement on the matter. [7106/19]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I draw the Deputy's attention to page 113 of NAMA's Annual Report and Financial Statements for 2017 which sets out Note 10.1 - Staff costs. I am advised that an amount of €0.8m was incurred in respect of 10 members of staff who departed under the 2017 Voluntary Redundancy Scheme. Two employees left in 2017 and a further eight were placed on garden leave in 2018 in advance of their departure.

The figures in respect of the 2018 Voluntary Redundancy Scheme will be published in mid-2019 in NAMA’s Annual Report and Financial Statements for 2018.

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