A college that made 92 staff redundant gave a pay-off of Pounds 72,000 to its former principal, who took early retirement through ill-health.
Yorkshire Coast college decided to publish the amount it paid to Stan Dey, just days before the figure was included in the financial year-end statement. Acting principal Roland Wood said the college would also give staff an extra week's holiday over Christmasin thanks for the excellent results the college had since achieved.
News about the pay-off has angered many staff. Steve Hoyland, the regional officer of Unison, said: "People here are absolutely disgusted that a college with financial problems could enter into this kind of arrangement or lumber themselves with such a contractual problem.
For the first time since incorporation, the college is in surplus, compared with a deficit last year of Pounds 1.32m. The college says it aims to reduce the cumulative deficit by 1999, as required by the Further Education Funding Council.