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The phrase "redundancy package" is correct and commonly used in written English, particularly in business or employment contexts.
Example: After the company announced massive layoffs, all employees were offered a generous redundancy package that included severance pay, continued health insurance coverage, and career counseling services.
Exact(60)
When he turned the jobs down, K&C made Paul redundant, but refused to pay the enhanced redundancy package he had accepted, claiming that he had turned down two suitable jobs.
Sabira Jaffer of National Debtline illustrates the importance of this advice with the growing number of people she is seeing who "have been made redundant and are coming to the end of their redundancy package".
Whoever was unsuccessful would be offered a redundancy package.
The redundancy package on the table is far less than the redundancy package that was offered in the two previous voluntary redundancy packages of 2008 and 2011.
Departing Engie employees will receive all their entitlements, including a redundancy package.
Your employer may provide financial advice as part of the redundancy package.
Unfortunately for the Oz another senior staffer took a redundancy package on Friday.
Independent journalists have accepted a reduced redundancy package in the hope that this will make the deal happen.
Make sure the employee is fully apprised of what happens now and what the redundancy package comprises.
The MPs said there was no evidence that the redundancy package was approved by the Cabinet Office.
Details of his redundancy package will be included in the BBC's accounts, which are due to be published next month.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com