redundancy Meaning in Cambridge Business English Dictionary
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Meaning of "redundancy" - Business English Dictionary

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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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