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BRIEF-CORRECTED-Formosa Chemicals will apply for govt compensation for losses from shutdown of central Taiwan plant
October 11, 2016 / 10:21 AM / in 9 months

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

1 Min Read

(Corrects compensation duration to "per month" from "per day" in first bullet point)

Oct 11 (Reuters) - Formosa Chemicals & Fibre Corp, 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. Further company coverage: ($1 = 31.4450 Taiwan dollars) (Reporting by Faith Hung)

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