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(3)Huis Ten Bosch theme park files for bankruptcy

SASEBO, Japan - Huis Ten Bosch Co. President Michitake Moriyama (R) bows at a news conference in Sasebo, Nagasaki Prefecture, on Feb. 26. The company, which operates the Huis Ten Bosch theme park in Sasebo with estimated liabilities of 228.9 billion yen at the end of last year, applied for bankruptcy at the Sasebo branch of the Nagasaki District Court under the Corporate Rehabilitation Law.

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Sasebo theme park unveils restructuring plan, job cuts

NAGASAKI, Japan - Huis Ten Bosch Co. President Michitake Moriyama (L) and Kazuki Nakagawa, the company's vice president, announce a restructuring plan Oct. 11 at a news conference in Sasebo, Nagasaki Prefecture. Under the revised five-year plan through fiscal 2004, the company will cut some 400 jobs and close its Nagasaki Holland Village theme park on Oct. 21.

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Sasebo theme park unveils restructuring plan, job cuts

NAGASAKI, Japan - Huis Ten Bosch Co. President Michitake Moriyama (L) and Kazuki Nakagawa, the company's vice president, announce a restructuring plan Oct. 11 at a news conference in Sasebo, Nagasaki Prefecture. Under the revised five-year plan through fiscal 2004, the company will cut some 400 jobs and close its Nagasaki Holland Village theme park on Oct. 21.