re‧dun‧dan‧cy S2 plural redundancies
1 [uncountable and countable] British EnglishBE
a situation in which someone has to leave their job, because they are no longer needed [= 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.
We were offered a £3,000 cash bonus to take voluntary redundancy.
when something is not used because something similar or the same already exists