MILAN, Dec 13 (Reuters) - Monte dei Paschi (MPS) will soon complete a revision of its business plan and will submit it to its top shareholder, the Italian Treasury, to kick off talks with European Union authorities, CEO Guido Bastianini said on Monday.

Addressing the annual meeting of the FABI banking union, Bastianini said he hoped to start as soon as possible the procedure to cut staff, adding it was too early to put a number on the staff reduction or the capital increase the bank faced.

MPS is updating its strategy following the collapse in October of talks between the Treasury and UniCredit over the sale of the Tuscan bank. (Reporting by Valentina Za; editing by Agnieszka Flak)