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English definition of “redundancy”

redundancy

noun [C or U]     /rɪˈdʌndənsi/ (plural redundancies)
HR a situation in which someone loses their job because their employer does not need them: The takeover is expected to result in over 1,000 redundancies.be threatened with/face redundancy 200 workers at the plant face redundancy.volunteer for/take redundancy Employees feel their only options are to move or take redundancy.compulsory/voluntary redundancy The bank has asked its 700 support staff to consider voluntary redundancy. heavy /large-scale/ widespread redundancies a redundancy programme / scheme redundancy costs a redundancy notice → Compare layoff
→ See also collective redundancy, voluntary redundancy
(Definition of redundancy noun from the Cambridge Business English Dictionary © Cambridge University Press)
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