Allied Irish Bank to cut 2,000 jobs
12 April 2011 Last updated at 14:07 BST
Ireland's second biggest lender, Allied Irish Bank, has announced that it is to cut 2,000 jobs during 2011 and 2012.
The bank, which is now just over 92% owned by the Irish state, has reported a net loss in 2010 of more than $14bn.
It currently employs about 15,000 people in Ireland and the UK.
Julia Caesar reports.