Meaning of REDUNDANCY in English

REDUNDANCY

(redundancies)

1.

When there are redundancies, an organization tells some of its employees to leave because their jobs are no longer necessary or because the organization can no longer afford to pay them. (BRIT BUSINESS; in AM, use dismissals , layoffs )

The ministry has said it hopes to avoid compulsory redundancies.

N-COUNT: usu pl

2.

Redundancy means being made redundant. (BUSINESS)

Thousands of bank employees are facing ~ as their employers cut costs...

N-UNCOUNT

Collins COBUILD.      Толковый словарь английского языка для изучающих язык Коллинз COBUILD (международная база данных языков Бирмингемского университета) .