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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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Mrs Muir said assurances were given to MPs as late as last month that there would be no compulsory redundancies.
A 30-day consultation process will begin on Monday to agree on the voluntary redundancies and payment packages for those leaving the firm.
The chairman of the board said voluntary redundancies were preferable over compulsory redundancies.
He said that from the outset, bosses pledged to avoid compulsory redundancies if possible.
The majority of this de-layering was achieved through early retirement or voluntary redundancies.
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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