Allied Irish Banks Said Its 2010 Net Loss Widened; Plans 2,000 Jobs Cuts In 2011, 2012
Allied Irish Banks said that its 2010 net loss widened to 10.23 billion euros from 2.41 billion euros in the year-ago period.
About 7 billion euros of its loss comes from the transfer of assets to the National Asset Management Agency. The company also said that it took about 6 billion euros of provisions for loan impairments.
Allied Irish Banks plans to cut 2,000 jobs over 2011 and 2012.
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