Saturday, 18 July 2009

When is a baseline figure .... not a baseline figure?

The Irish Times has a report today quoting a slightly bemused Michael Somers, head of the NTMA. It seems The Report recommended cutting NTMA staff numbers by 40 from 217. Except ... it seems staff levels weren't at 217 to start with.

According to the Irish Times:

Dr Michael Somers said the NTMA, which manages the State’s debt, employs a staff of 168 and not the 217 cited in the report by the review group chaired by economist Colm McCarthy.

Mr McCarthy’s group recommended that staff numbers at the NTMA be reduced by 40.

“We never had 217 staff, so cutting us from 217 is absolutely not a problem because we are below that,” said Dr Somers. “We would be delighted to cut 40 jobs on that basis.”

You can read the full story here.

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