Meaning of “outplacement” in the English Dictionary

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"outplacement" in Business English

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outplacementnoun [ U ]

uk /ˈaʊtˌpleɪsmənt/ us

HR help with finding a new job that a company gives to someone they can no longer employ:

We will assist people who have lost their jobs by providing retraining and outplacement services.
a leading outplacement firm

(Definition of “outplacement” from the Cambridge Business English Dictionary © Cambridge University Press)