Nama redundancy bill to cost €20m as agency winds down

Nama’s redundancy costs are set to be about €20 million as the agency accelerates its wind-down.

14th March, 2015

The agency had a headcount of 363 at the start of March. The numbers assigned to the agency are projected to drop to 292 by end December 2015 and to 125 by end December 2016, subject to the achievement of Nama’s disposal targets.

In response to a parliamentary question from Fianna Fáil TD Michael McGrath, Minister for Finance Michael Noonan said that while to date no staff member assigned to the agency has left due to redundancy, a...

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