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

See Examples For:

redundancy payment

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

Teachers who wanted to take voluntary redundancy were offered protective redundancy notices at the end of April, "subject to the Department of Education funding the redundancy payment".

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