redundancy pay

noun

, British.

1. severance pay.

Word History and Origins

Origin of redundancy pay¹

First recorded in 1965–70

Example Sentences

Workers who lost their jobs at a food and drinks factory claim they are being "ignored" by their former employers who owe them thousands in redundancy pay.

From BBC

"Those ex-employees entitled to redundancy pay and/or pay in lieu of notice will have such claims dealt with by the Redundancy Payments Service."

From BBC

It is also against the law in Ghana to not offer redundancy pay, which the anonymous staff members said they have not received, but will get their normal salary.

From BBC

Ms Kitson said The Nottingham would "be focused on doing the right thing by colleagues over the coming weeks" by running a redeployment programme and offering "enhanced redundancy pay" to those leaving the business.

From BBC

Trade unions have reacted angrily to government plans to cut civil servants' redundancy pay by an estimated 25.9%.

From BBC