redundancy payment Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “redundancy payment” in the English Dictionary

"redundancy payment" in British English

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redundancy paymentnoun [C]

uk   us   UK
money that a ​companypays to ​workers who have ​losttheirjobs because they are no ​longerneeded
(Definition of redundancy payment from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"redundancy payment" in Business English

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redundancy paymentnoun [C]

uk   us   (also redundancy pay [U])
HR money that a ​companypays to ​workers who have ​lost their ​jobs because they are no ​longer needed: eligible for/entitled to a redundancy payment An ​employee becomes ​eligible for a ​redundancypayment after two ​years' continuous ​employment. claim/​seek a ​redundancypayment make/receive a ​redundancypayment
(Definition of redundancy payment from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “redundancy payment”
in Chinese (Simplified) 裁员费, 遣散费…
in Chinese (Traditional) 裁員費, 遣散費…
What is the pronunciation of redundancy payment?
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