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redundancy pay

American  

noun

British.
  1. severance pay.


Etymology

Origin of redundancy pay

First recorded in 1965–70

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

When I lost my job, I didn't even qualify for any redundancy pay.

From BBC • Dec. 28, 2024

If staff are let go, statutory redundancy pay is up to £479 a week for those who have worked for more than two years.

From BBC • Apr. 25, 2016

Aviva, Britain's largest insurer, is set for a collision with unions after cutting 2,000 jobs worldwide and halving redundancy pay as it forces through cost savings.

From The Guardian • Apr. 18, 2013

As a result of the action Mr Terry lost his redundancy pay.

From BBC • Jan. 31, 2011

It calls for cuts in civil service redundancy pay, claiming £432m was spent on payouts to 7,718 officials between 2005 and 2008 – an average of £56,000.

From The Guardian • Jun. 17, 2010