voluntary redundancy

Voluntary redundancy is when an employer gives employees the choice to leave their job with redundancy benefits, and the employee agrees to it.

In voluntary redundancy, employers propose a redundancy package to their employees who can then choose to accept it and leave the job. This package often includes financial benefits and is offered in situations like business restructuring or downsizing. The employee's acceptance is voluntary, meaning they have the choice to stay or leave under the proposed terms.

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