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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.