out ‧ place ‧ ment /ˈaʊtˌpleɪsmənt/ BrE AmE noun [uncountable and countable]
a service that a company provides to help its workers find new jobs when it cannot continue to employ them
out ‧ place ‧ ment /ˈaʊtˌpleɪsmənt/ BrE AmE noun [uncountable and countable]
a service that a company provides to help its workers find new jobs when it cannot continue to employ them
Longman Dictionary of Contemporary English. Longman - Словарь современного английского языка. 2012