Proposal to cut 40 jobs at NTMA ‘surprising’

THE Bord Snip proposals to axe 40 staff at the National Treasury Management Agency (NTMA) to bring about savings of €5.3 million took some commentators by surprise.

Proposal to cut 40 jobs at NTMA ‘surprising’

NTMA is to have a central role in the proposed bad bank to be known as the National Asset Management Agency (NAMA) and it has already said it would require further staff to carry out its new functions, that are still being determined by the Government and Finance Minister Brian Lenihan.

Mr Lenihan is directly responsible for the proposed National Asset Management Agency and is expected to publish the bill to pave the way for the setting up of the bad bank shortly.

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