severances

[US]/[ˈsɛvərən(z)]/
[UK]/[ˈsɛvərən(z)]/

Translation

n.A payment made to an employee upon termination of employment, especially when the termination is due to a company restructuring or downsizing.; The act of severing or cutting off.; The state of being severed or cut off.

Phrases & Collocations

severance package

severances offered

negotiating severances

severance benefits

severance agreement

receiving severances

severance pay

final severances

reviewing severances

severance check

Example Sentences

the company offered generous severances to departing employees.

she negotiated a better severance package than initially offered.

he received a substantial severance payment after his layoff.

severances are often determined by years of service and position.

the restructuring resulted in numerous employee severances.

understanding your severance rights is crucial during job loss.

the union negotiated improved severance terms for its members.

she used her severance to fund her entrepreneurial venture.

the legal team reviewed the severance agreements carefully.

he was surprised by the size of his final severance check.

the company's policy outlined the details of employee severances.

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