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Redundancy is when there is an imminent or current;

closure of a business

closure of a workplace

reduction in the need for employees [Section 139(1) ERA 1996 ]

It is one of the five potentially fair reasons for which your employer can fairly dismiss you [ S98 (2) (c) Employment Rights Act 1996 (ERA 1996 )]. Unlike the other fair reasons for dismissal, in a redundancy you are entitled to a payment for loss of employment. See Redundancy Redundancy Law Redundancy Pay Redundancy and benefits