B2 (CsCl) CoZr intermetallic alloys with different chemical compositions were hot-rolled and subsequently recrystallized to evaluate tensile properties and rolling workability. Co-49.0Zr, -49.5Zr and -50.0Zr alloys showed the B2-matrixed microstructure containing C15 Co2Zr dispersions, while Co-50.5Zr and -51.0Zr alloys showed the B2-matrixed microstructure containing C16 CoZr2 dispersions. These homogenized ingots were successfully hot-rolled without edge cracks, except for the Co-51.0Zr alloy. The tensile tests revealed that the Co-49.5Zr, -50.0Zr and -50.5Zr alloys exhibited a notable tensile ductility at room temperature as well as at elevated temperatures. Moreover, the recrystallized CoZr alloys were cold-rolled up to 70% reduction without intermediate annealing. It was also found that tensile ductility was most prominent in the Co-50.0Zr alloy with the least volume fraction of second phase dispersions in the investigated alloys, suggesting that the B2 phase of CoZr was inherently ductile. Deformation microstructures were characterized by means of XRD and TEM observations. Mechanisms responsible for the observed large tensile ductility of the CoZr alloys were discussed, on the basis of the observed deformation microstructures.