[Izzy Dunne]

too few of the staff have accepted a generous offer of voluntary redundancy

WTH is "voluntary redundancy"?

[surely_you_jest]

WTH is "voluntary redundancy"?

In English English, a/k/a Brit-Speak, a redundancy in this context is a layoff. A voluntary redundancy, basically, is what we would call accepting a buy-out offer, typically some kind of early retirement package or a lump sum payoff based on the number of years of employment.

[ops33]

Redundancy is a British labor term for being laid off. When you’re laid off your position is redundant, no longer needed. In other words, voluntary redundancy is early retirement.