redundancy
noun [ C or U ]
uk/rɪˈdʌndənsi/ usplural 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