outplacement

noun

out·place·ment | \ ˌau̇t-ˈplās-mənt,

ˈau̇t-ˌplās-\

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

Examples of outplacement in a Sentence

Recent Examples on the Web

Still, the combined total of about 1.08 million jobs added for those two months is above average for the past decade, according to an analysis of federal data by the outplacement firm Challenger, Gray & Christmas. — Ann Carrns, New York Times, "The Virtues of a Summer Job," 13 July 2018 Great American Snacks will be offering workers severance packages and outplacement assistance, according to Jeff DeLapp, president of McCain Foods Limited, North America. — Katherine Peralta, charlotteobserver, "Charlotte-area snack maker to lay off dozens as it closes an aging plant soon," 3 July 2018 Eligible employees will receive separation benefits, including outplacement support and career training, English said. — Karen Pilarski, Milwaukee Journal Sentinel, "What's next after J.C. Penney distribution center closes in Wauwatosa," 19 Feb. 2018 Here are some tips for minimizing the spread of flu at workplaces, according to outplacement firm Challenger, Gray & Christmas and consulting firm Impactivo: •Create more shifts to reduce the number of people working in the office at one time. — Paul Davidson, USA TODAY, "9 tips for preventing flu at the office," 13 Feb. 2018 Others will have the option of accepting a severance package that includes outplacement assistance. — William Thornton Wthornton@al.com, AL.com, "Huntsville Verizon call center transitioning employees to work from home," 21 Feb. 2018 The outplacement firm, which is hired by employers to provide job help after a layoff, suspends regular business operation for those two days every year to provide the service. — Marcia Heroux Pounds, Sun-Sentinel.com, "Out of a job during the holidays? Here's help," 18 Dec. 2017 Employers cut 929 jobs during the month compared with 1,391 jobs in September 2016, according to outplacement firm Challenger, Gray & Christmas. — Marcia Heroux Pounds, Sun-Sentinel.com, "Florida job cuts fall 33 percent in September over year ago," 6 Oct. 2017 Drug companies have cut more than 269,000 U.S. workers since the beginning of 2007, according to job-outplacement firm Challenger, Gray & Christmas Inc., though the annual number of industry job losses has declined over the past five years. — Peter Loftus, WSJ, "Eli Lilly to Cut 8% of Jobs, Invest More on New Drugs," 7 Sep. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'outplacement.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.