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Director loses tribunal appeal

7th September 1985
Page 14
Page 14, 7th September 1985 — Director loses tribunal appeal
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Which of the following most accurately describes the problem?

A COMPANY direct ended _up out of a job wh his firm made him a cs offer he couldn't refuse. F David Whyte was worni that he might get noth3 back at all on a £10,000 lo made nearly 12 years ago.

But on August 1 an indt trial tribunal in Glasgow rid that Mr Whyte, of Girvz Ayrshire, had not been u fairly dismissed by Ayrsh Transport of Minishant, A yr.

The tribunal held that wh he reluctantly accepted offer of £11,000 with a i6,0 cheque immediately, he al agreed with the condition ti he gave up his work with t firm.

In 1973 White reached agreement with Mr and N Laidlaw, directors of Rei( Garages to loan the In exchange, he would I come a director of Reid's a: he employed as a driver. would be paid For any wo as well as his director fees ;i. interest on the loan.

In 1953 Reid's was amalg mated with D. Smith, Troon, and the combin. business traded as Ayrsh: Transport Company Limitc There were three &recto. including Whyte and Laidla,

During 1984 the financ position of the company w not particularly good. meeting was arranged f February 15 this year but few days before, Whyte ma it clear that unless he receiv payment he. would put t company into liquidation.