counseling and assistance in finding a new job, provided by a company for an employee who has been or is about to be dismissed.
an act or instance of outplacing.
the state or condition of being outplaced.
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British Dictionary definitions for outplacement
a service that offers counselling and careers advice, esp to redundant executives, which is paid for by their previous employer
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012