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

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

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

From BBC • Jan. 31, 2020

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

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