Meaning of “redundancy payment” in the English Dictionary


(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 company pays 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 redundancy payment after two years' continuous employment.
make/receive a redundancy payment

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

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