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CSL to Spin Off Vaccine Unit Seqirus, Cut 15% of Workforce
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CSL Ltd. plans to spin off its Seqirus vaccine unit into a separate company, leading to a 15% workforce reduction and $500 million in annual cost cuts.
Editor’s Note: This restructuring is significant as it reflects the challenges faced by CSL in the biotech industry, impacting jobs and the future of its vaccine business.

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