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outplacement

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noun out·place·ment \ˌau̇t-ˈplās-mənt, ˈau̇t-ˌ\

Simple Definition of outplacement

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

Source: Merriam-Webster's Learner's Dictionary

Full Definition of outplacement

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

1970

First Known Use of outplacement

1970


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