Dismissal from employment because the job no longer exists.
Leaving your employment because your employer no longer has work available for you to do. Redundancy can be voluntary where employees are offered the choice of leaving, or compulsory, where employees are dismissed.
the state of no longer being needed by an employer.
When employees are laid off on a permanent basis because their work is no longer required by the company due to economic, technological or other reasons.
a particular type of termination of employment
Redundancy occurs when an employer decides that the job an employee has been doing is no longer needed and the decision is based on circumstances other than the ordinary and customary turnover of labour.
the termination of an employee’s employment on the basis that the position undertaken by that employee is no longer required within the organisation.
A situation in which an employee is dismissed because the employer no longer wishes the job they are doing to be done by anyone. See the Termination of Employment section for more information.
This occurs when the work performed by an employee is no longer necessary because their job is replaced by technology or the work is restructured making the position redundant.
occurs where an organisation carries out structural change in order to cut costs and, in the process, lays off staff (i.e. makes staff redundant). Redundancy has become very common in Australia in large and small organisations. It involves payment to the redundant employee of a lump sum which is intended to provide financial support while they search for another job. Most redundancy payments are tax free up to certain limits.
The act of dismissing an employee when that employee is surplus to the requirements of the organization.
dismissal from work because a job ceases to exist. Redundancy occurs most frequently when an employer goes out of business necessitating a cutback in the workforce, or relocates part, or all, of the company. refinance: to replace one loan with another, especially at a lower rate of interest.
Redundancy arises if the employer ceases to carry on or closes the business in which the employee was engaged, if the employer no longer needs the skills of the employee or needs fewer to carry out the work.