redundancy payment

British

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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.

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

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

Many firms ask for volunteers, and offer an enhanced redundancy payment.

From BBC • Sep. 30, 2021

He says it took thousands of pounds of a redundancy payment directly from his bank account.

From BBC • Jan. 31, 2020

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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023