Meaning of “redundancy package” in the English Dictionary

business-english dictionary

"redundancy package" in Business English

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redundancy packagenoun [ C ]

uk us

HR all the payments and advantages that a company gives to workers who have lost their jobs because they are no longer needed:

If the redundancy package is very generous many staff will opt for that and not even consider relocating.

(Definition of “redundancy package” from the Cambridge Business English Dictionary © Cambridge University Press)