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(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)