outplacement


out·place·ment

noun \ˌat-ˈplās-mənt, ˈat-ˌ\

: the activity or process of helping workers find new jobs when they are no longer wanted or needed

Full Definition of OUTPLACEMENT

:  the process of easing unwanted or unneeded executives out of a company by providing company-paid assistance in finding them new jobs

First Known Use of OUTPLACEMENT

1970

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