Longman Dictionary of Contemporary English homepage

redundancy

noun
     
Related topics: Employment
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.
voluntary/compulsory redundancy
We were offered a £3,000 cash bonus to take voluntary redundancy.
2 [uncountable] when something is not used because something similar or the same already exists

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