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What does redundancies mean?

Looking for the meaning or definition of the word redundancies? Here's what it means.

Noun
  1. plural of redundancy
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A 30-day consultation process will begin on Monday to agree on the voluntary redundancies and payment packages for those leaving the firm.
The majority of this de-layering was achieved through early retirement or voluntary redundancies.
Remarkably again, the deal has also given the workers a vested interest against accepting any large redundancies.
Mrs Muir said assurances were given to MPs as late as last month that there would be no compulsory redundancies.
A round of 38 redundancies has now come to an end and the college will be offering the full range of courses in the new prospectus.
The move to seek 102 redundancies among ground staff at the airport has increased local concerns about the future of the airport.

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