redundancy policy

Redundancy policy refers to a company's guidelines for handling job reductions when they are unavoidable, often due to economic reasons or restructuring. It outlines how employees will be informed, the criteria for selecting roles for elimination, and the compensation or support they will receive, such as severance pay or career advice. The goal is to ensure the process is fair, transparent, and compliant with employment laws, while minimizing impact on affected employees and maintaining organizational stability.