From Longman Dictionary of Contemporary Englishredundancyre‧dun‧dan‧cy /rɪˈdʌndənsi/ noun (plural redundancies) 1 [countable, uncountable] British EnglishBE a situation in which someone has to leave their job, because they are no longer needed syn layoff The closure of the export department resulted in over 100 redundancies. Two thousand workers now face redundancy. An employee is not eligible for a redundancy payment unless he has been with the company for two years.voluntary/compulsory redundancy We were offered a £3,000 cash bonus to take voluntary redundancy.2 [uncountable]USE something when something is not used because something similar or the same already existsCOLLOCATIONSverbsmake redundanciesThe company is to make 1,400 redundancies.face redundancyUp to 300 leather factory workers are facing redundancy.take/accept redundancyTwenty staff members took voluntary redundancy.volunteer for redundancy (=offer to take redundancy)Nearly 40% of the workforce volunteered for redundancy.adjectivescompulsory redundancies (=when workers are forced to be redundant)He promised there would be no compulsory redundancies.voluntary redundancies (=done willingly, without being forced)Wherever possible the cuts will be achieved by voluntary redundancies.mass/large-scale redundanciesThe company is preparing large-scale redundancies at its British factories.redundancy + NOUNredundancy money/payHe spent his redundancy money on a plot of land.a redundancy paymentHe was not entitled to a redundancy payment.redundancy terms (=the conditions of a redundancy agreement, for example how much money someone will receive)Some staff had chosen to go because the voluntary redundancy terms were attractive.a redundancy package (=a set of things offered to someone who is being made redundant)The trade union negotiated a generous redundancy package for its members. a redundancy notice (=a printed statement telling a worker that they are being made redundant)1,100 of the bank's 1,260 staff in the UK were given redundancy notices. phrasesa round of redundancies (=one set of redundancies in a series)The industry has announced a new round of redundancies.a wave of redundancies (=a sudden increase in the number of redundancies)The latest wave of redundancies resulted in 4,000 job cuts.
Examples from the Corpusredundancy• He says it won't become clear until there's a new owner but there may be redundancies.• The board are planning a restructuring which could mean hundreds of redundancies.• Make sure you have arranged mortgage Protection Cover and, if possible, insure yourself against sickness, redundancy or accident.• The staff are being offered the choice of moving or taking redundancy.• All employers used to receive a rebate of 35 percent of their redundancy bill from the Redundancy Fund.• These redundancies are necessary for the company to be able to survive.• This redundancy extends to the number zero itself, which can be written 000 or 00 just as well as 0.• We hope to achieve staffing cuts through voluntary redundancy and a freeze on recruitment.• Voluntary redundancies and natural wastage are expected instead of sackings.redundancy payment• Equally, the right to a redundancy payment is subject to the rules about offers of alternative employment mentioned above.• The 20 members of staff were offered alternative employment but accepted redundancy payments instead.• The relatively high levels of unemployment and redundancy payments in the north are important factors to consider.• Everyone will, as per standing Union agreements, receive outplacement counselling, redundancy payments.• As a result of this change, no statistics are now available on the size of redundancy payments made directly by employers.• Such dismissals may lead to claims for unfair dismissal and/or redundancy payments.• In effect, therefore, the redundancy payment is based on final earnings.• The redundancy payments legislation allows employees a four-week trial period in which to make up their minds.