Brief: CORRECTED-Formosa Chemicals will apply for govt compensation for losses from shutdown of central Taiwan plant

Formosa Chemicals and Fibre

11/10/2016 11:03

(Corrects compensation duration to "per month" from "per day" 
in first bullet point) 
    Oct 11 (Reuters) - Formosa Chemicals & Fibre Corp  1326.TW , 
a major unit of conglomerate Formosa Plastics Group, says: 
    * It will apply for T$150 million per month in government 
compensation for losses from shutdown of plant in Changhua.  
    * It will continue to pay the nearly 1,000 workers after it 
shut down the plant.   
    * Its workers of the plant are set to protest in Changhua in 
 mid-October. 
    * The company has shut down the plant as the local 
government declined to renew permits for its cogeneration 
equipment.  urn:newsml:reuters.com:*:nL3N1C61ZN 
 
Further company coverage:  1326.TW  
 
 
($1 = 31.4450 Taiwan dollars) 
 
 (Reporting by Faith Hung) 
 ((faith.hung@thomsonreuters.com;))