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redundancy pay

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
Translations
redundancy pay(ment)
n (Brit Ind) → Abfindung f, → Abstandszahlung f


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The shake-up could also increase payments to axed workers who would get full redundancy pay after six months.
But just last week, furious staff accused bosses of trying to fiddle them out of redundancy pay after telecoms firm T-Mobile ended their contract.
If you resigned from your employment, of your own free will, you were definitely not eligible for redundancy pay.
 
 
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