redundancy payment

British  

noun

1. a sum of money given by an employer to an employee who has been made redundant: usually calculated on the basis of the employee's rate of pay and length of service

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Example Sentences

Normally, workers could claim a redundancy payment, but the government argued they were not entitled and said jobs were protected as they had been transferred to the new owner.

From BBC • Dec. 5, 2025

She said it was clear Ms Donelan valued public money because she once turned down a redundancy payment after serving as education secretary for 36 hours.

From BBC • Mar. 7, 2024

However, Ms Dhillon used her redundancy payment to develop an events business she had been running as a side-hustle, Ricco Events, which she then adapted into a digital marketing agency after lockdown restrictions.

From BBC • Jul. 12, 2022

School staff are entitled to a redundancy payment of up to 60 weeks' salary as part of the process.

From BBC • Jul. 6, 2015

I was made redundant just before my 40th birthday, and took the difficult decision to move home from London to Wolverhampton to freelance, stretch out my redundancy payment and regroup.

From The Guardian • Aug. 18, 2014