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THREE STAFF AT the National Treasury Management Agency (NTMA), which includes the State’s bad bank NAMA, will not take 15 per cent pay cuts to their salaries of over €200,000 despite other senior figures at the Agency agreeing to cuts this year.
Finance Minister Michael Noonan has confirmed that most senior officials who earn over €200,000 at the agency have agreed to continue 15 per cent pay cuts they agreed to at the beginning of last year.
However three of the 13 who earn over €200,000 have rejected the cut being applied to their salaries. Last year just one of 14 staff earning over €200,000 at the time refused the voluntary waiver of a portion of their salary.
The identities of the three staff are unknown but Noonan said that the chief executives of the NTMA, NAMA, the National Development Finance Agency and six other members of the NTMA senior management team – are continuing to observe the voluntary pay cuts.
The NTMA is responsible for managing the country’s assets and liabilities and is currently overseeing Ireland’s return to normal lending markets.
NAMA has been overseeing the acquisition and eventual disposal of property development loans from Irish banks that are worth a total of €70 billion.
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Strong Laws to protect company’s.
Weak laws for the consumer.
Big thanks to “our”government.
Always got their voters interests at heart.
@Dave Walsh: of course if the government tries to regulate companies better it gets accused of being a nanny state.
It can’t win.
@Barry Somers: say that to the thousands of customers left out of pocket every year,when company’s fail and there owners just move on.No recriminations.
Ya, thats one website I won’t be clicking on.
@Luke Sharpish:
No pun intended.
Very good reporting.
A toxic site sure who in their mind would want it or use it.
The guy behind this site has a new business set up already. Be warned.
Id put any money that this is still the same crowd running it, as Declan said and ive checked myself that the Whois is the same as it was before going broke. If this was a different group they’d have removed Cantec straight away.
@Mark McDermott: so they bought the domain from themselves?
Any info about the sale of the domain? According to whois, Cantec are still have the rights to the domain:
Domain: click.ie
Domain Holder: Cantec North East Ltd
Registration Date: 25-April-2000
Renewal Date: 30-June-2019
Smelling of Dead rat me thinks
The same people have bought this again. They also have 3 stores now.
Click Bait
Won’t click on that, no pin intended.
have your say