UPDATE 2-Panasonic falls short of announcing job cuts in business plan

Newswire

* Panasonic wants to expand automotive, housing business, cut back electronics * Sees net income 50 bln yen next year, 350 bln op profit by FY 2015 (Updates with comments from analyst, Tsuga's goals) TOKYO, March 28 (Reuters) - Japan's Panasonic Corp fell short of announcing any job cuts in its medium-term business blueprint, though it will spend 250 billion yen ($2.7 billion) over the next two years to revamp its TV, mobile phone and semiconductor units. ...

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