In this work we suggest a mathematical model of motion of the elasto-plastic materials with nonlinear plasticity constitutive law; we also propose an effective numerical method for numerical simulations of such tasks on two-dimensional eulerian meshes. Based on the method, we research formation of multiple adiabatic shear bands (ASB) at high-speed shear deformations. We test our approach on two-dimensional problem where the initial heterogeneity of temperature leads to formation of adiabatic shear band.