outplacement: Meaning and Definition of

out•place•ment

Pronunciation: (out'plās"munt), [key]
— n.
  1. counseling and assistance in finding a new job, provided by a company for an employee who has been or is about to be dismissed.
  2. an act or instance of outplacing.
  3. the state or condition of being outplaced.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.