Meaning of REDUNDANCY in English

REDUNDANCY

re ‧ dun ‧ dan ‧ cy /rɪˈdʌndənsi/ BrE AmE noun ( plural redundancies )

1 . [uncountable and countable] British English a situation in which someone has to leave their job, because they are no longer needed SYN layoff :

The closure of the export department resulted in over 100 redundancies.

Two thousand workers now face redundancy.

An employee is not eligible for a redundancy payment unless he has been with the company for two years.

voluntary/compulsory redundancy

We were offered a £3,000 cash bonus to take voluntary redundancy.

2 . [uncountable] when something is not used because something similar or the same already exists

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COLLOCATIONS

■ verbs

▪ make redundancies

The company is to make 1,400 redundancies.

▪ face redundancy

Up to 300 leather factory workers are facing redundancy.

▪ take/accept redundancy

Twenty staff members took voluntary redundancy.

▪ volunteer for redundancy (=offer to take redundancy)

Nearly 40% of the workforce volunteered for redundancy.

■ adjectives

▪ compulsory redundancies (=when workers are forced to be redundant)

He promised there would be no compulsory redundancies.

▪ voluntary redundancies (=done willingly, without being forced)

Wherever possible the cuts will be achieved by voluntary redundancies.

▪ mass/large-scale redundancies

The company is preparing large-scale redundancies at its British factories.

■ redundancy + NOUN

▪ redundancy money/pay

He spent his redundancy money on a plot of land.

▪ a redundancy payment

He was not entitled to a redundancy payment.

▪ redundancy terms (=the conditions of a redundancy agreement, for example how much money someone will receive)

Some staff had chosen to go because the voluntary redundancy terms were attractive.

▪ a redundancy package (=a set of things offered to someone who is being made redundant)

The trade union negotiated a generous redundancy package for its members.

▪ a redundancy notice (=a printed statement telling a worker that they are being made redundant)

1,100 of the bank's 1,260 staff in the UK were given redundancy notices.

■ phrases

▪ a round of redundancies (=one set of redundancies in a series)

The industry has announced a new round of redundancies.

▪ a wave of redundancies (=a sudden increase in the number of redundancies)

The latest wave of redundancies resulted in 4,000 job cuts.

Longman Dictionary of Contemporary English.      Longman - Словарь современного английского языка.