If the redundancy package is very generous many staff will opt for that and not even consider relocating.
Financial and business terms. 2012.
redundancy — re‧dun‧dan‧cy [rɪˈdʌndənsi] noun redundancies PLURALFORM [countable, uncountable] especially BrE HUMAN RESOURCES when someone loses their job in a company because the job is no longer needed: • Over 2000 car workers now face redundancy. • Sev … Financial and business terms
package — ▪ I. package pack‧age 1 [ˈpækɪdʒ] noun [countable] 1. TRANSPORT an amount of something or a number of things, packed together and wrapped up ready to be sent somewhere ; = PARCEL: • The company delivers 300,000 packages overnight … Financial and business terms
redundancy — noun (BrE) ADJECTIVE ▪ large scale, major, mass, massive ▪ The closure of the mine led to large scale redundancies. ▪ possible, threatened ▪ … Collocations dictionary
package — {{Roman}}I.{{/Roman}} noun 1 (esp. AmE) something wrapped in paper, etc. ⇨ See also ↑parcel ADJECTIVE ▪ big, bulky, compact, neat, small ▪ wrapped ▪ … Collocations dictionary
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