If you are employed on salaried employee-like conditions and your company goes bankrupt, ceases operations, becomes insolvent or undergoes restructuring, LG can pay the salary, etc. that you are owed.
Salary during the termination period
You can also get your salary, etc. covered during the termination period. When your entire termination period has ended and LG has received the form ‘Documentation for earnings and job searching’, LG will calculate the final salary, etc. for the entire termination period.
LG deducts earnings from new jobs, etc. if relevant and pays the difference to you.