Staff are being asked to consider early retirement or redundancy packages.

I am going to get a redundancy package and will have to pay tax on some of it.

Those unable to transfer will be offered a redundancy package and career counselling.

He was also offered a generous redundancy package instead.

Employees who do lose their jobs are also no longer guaranteed a generous redundancy package.

Its employees were given an average of nine months' salary as part of the redundancy package.

In an interview, he said that "after such a significant financial and personal investment I'm walking away with a significant redundancy package".

A redundancy package can also supply the necessary capital to get a business going, especially given the reluctance of banks to offer loans.

This is an Iranian plot so save money on redundancy packages.

The station declared it was offering staff a voluntary redundancy package.