CSL Announces Vaccine Unit Spin-Off and Major Workforce Cuts

Australian biotech giant CSL will spin off its vaccine business, Seqirus, into a standalone company by mid-2026 as part of a strategic restructuring.1 3 5

CSL plans to cut up to 3,000 jobs—about 15% of its workforce.1 5

The newly separated Seqirus will gain more autonomy to pursue independent strategies and capitalize on growth opportunities in the dynamic vaccine market.1 3

Cost-cutting measures include over $500 million in annual savings and a $750 million share buyback, aiming to boost margins but potentially risking short-term profitability and R&D investment.3

The demerger is expected to support CSL's refocus on its core plasma therapy and nephrology businesses, streamlining operations for sharper growth.3 5

Seqirus, chaired by former unit president Gordon Naylor, saw 2% revenue growth this year despite competitive pressures and lower U.S. influenza vaccination rates.1

Sources:

1. https://www.biopharmadive.com/news/csl-to-separate-vaccine-business-cut-jobs/758014/

3. https://www.ainvest.com/news/csl-strategic-restructuring-unlocking-demergers-cost-cutting-2508/

5. https://finimize.com/content/csl-plans-major-demerger-and-trims-workforce-to-refocus

Sources:

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