HUNTINGDONSHIRE’S chief executive has been awarded a six-figure redundancy deal after councillors agreed yesterday to scrap his post to save funds.

HUNTINGDONSHIRE’S chief executive has been awarded a six-figure redundancy deal after councillors agreed yesterday to scrap his post to save funds.

David Monks, 59, applied to take voluntary early release from Huntingdonshire District Council last month.

At a full council meeting last night, held behind closed doors, members approved his application and agreed to delete the post of chief executive at the council from 31 August 2011.

Mr Monks who was on �150,000-a-year, has been offered an estimated �139,000 redundancy settlement.

Members also approved the voluntary release of Roy Reeves, head of democratic and central services, and Richard Preston, the new accommodation project co-ordinator.

A council spokesman said: “In considering the applications, members of the Panel were satisfied that the duties of the three officers could be absorbed in a number of ways, including reallocation of duties, re-designation of management responsibilities, and internal restructuring.”

The loss of the posts will save the council �300,000. The council needs to find �6.4 million in revenue savings and �5.3 million from its capital programme through changes to services and staff reductions over the next few years.