What is Redundancy?

Redundancy is when an employee or employees lose their jobs because either:

  • Their job role is no longer needed within the company
  • The company is moving to a location from which their role cannot be performed
  • The company is being restructured so someone else is doing role
  • The company has been taken over
  • The company has gone into administration, insolvency or has gone bankrupt.

What does it mean when a business goes into administration?

Administration occurs when a business is in debt with its creditors and an ‘administrator’ is appointed to help deal with these debts, through shutting down, selling or liquidising parts of the business. A company will go into administration either to rescue the company or to begin the process of liquidation. It does not necessarily mean the end of the business, but it can result in redundancies.

TCHC is a workforce development specialist with a wealth of experience supporting jobseekers and those affected by redundancy and helping them get back into work. If you have recently been made redundant or are a company making redundancies in the East of England, then please get in touch. You can call us on 01923 698430 or email the redundancy team at This email address is being protected from spambots. You need JavaScript enabled to view it.

Visit our redundancy web page for more information on our Skills Support for Redundancy programme.

Next in our redundancy guide, find out about the redundancy selection process.

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