Tsuga has said he would deliver the framework of that revival plan to investors at the end of the current quarter. Panasonic, for a short time at least, may have to accept diminished revenue, Tsuga warned then, as it retools to fill in the earnings gap left by TVs with sales from household appliances, batteries, solar panels and other gadgets. Tsuga, who burnished his cost-cutting reputation during a three-year stint in charge of automotive components, said earlier this month he would complete his roadmap by February. He plans to fire the first salvo in his restructuring campaign, however, in October by reducing workers at Panasonic's headquarters to several hundred from 7,000, although many of those people will be dispersed to other business units rather than laid off. Panasonic's shares, which have fallen nearly 30 per cent since the start of the business year compared with a 15 per cent decline in the benchmark Topix index, finished the day 4.6 per cent higher at 546 yen. Reuters