wastage Definition in the Cambridge English Dictionary
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Definition of “wastage” - English Dictionary

Definition of "wastage" - British English Dictionary

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wastagenoun [U]

uk   us   /ˈweɪ.stɪdʒ/
the ​amount that is ​wasted: Water ​companies will have to ​cut down on wastage. UK →  natural wastage UK (US attrition) the ​people who ​leave an ​educational or ​trainingcourse before it has ​finished: The wastage ​rates on the ​degreecourses are a ​cause for ​concern.
(Definition of wastage from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

Definition of "wastage" - Business English Dictionary

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wastagenoun [U]

uk   us   /ˈweɪstɪdʒ/
the fact of ​wasting something, or the ​amount of something that is ​wasted: Wastage of ​resources should be ​avoided at all ​costs. This new ​technology will ​cut energy wastage. cut/​minimize/​reduce wastage
HR →  natural wastage
(Definition of wastage from the Cambridge Business English Dictionary © Cambridge University Press)
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