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

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

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

They said Mr Dolan's redundancy payment had been calculated using the same formula used for all staff and it was required to pay £239,000 into the local government pension fund.

From BBC • Mar. 17, 2011