1the action or process of losing or destroying something by using it carelessly or extravagantly:the wastage of natural resources
the amount of something that is wasted:wastage was cut by 50 per cent
2 (also natural wastage)British the reduction in the size of a workforce as a result of voluntary resignation or retirement rather than enforced redundancy:120 staff were lost through natural wastage
the number of people leaving a job or further educational establishment before they have completed their training or education:the influence of academic ability on student wastage
3the weakening or deterioration of a part of the body, typically as a result of illness or lack of use:the wastage of muscle tissue
wastage in other Oxford dictionaries
Definition of wastage in the US English dictionary