severance pay

money, exclusive of wages, back pay, etc., paid to an employee who has tenure and who is dismissed because of lack of work or other reasons beyond the employee's control (Dic)

In other languages:

• paga ta' għeluq tax-xogħol [MT] - flus li jitħallsu lill-impjegat meta l-kuntratt tax-xogħol teigħu jkun għalaq (Aq)
• liquidazione [IT]