Just lost my year long placement because they have no work. Begging for advice 
sachinag: It would be helpful if someone explained this placement thing to us Yankees.  We have summer internships, but the notion of a placement strikes me as a fundamentally different beast.  (Googling failed me.)The standard American response would be to work on open source projects and focus on getting good grades in your last year to make yourself attractive to full-time employers upon graduation.