Those hoping for a managerial promotion at Volkswagon may have to wait a while.
In order to meet costs associated with its emissions scandal, the German carmaker is planning to freeze job promotions for the time being, according to a report in the German publication Manager Magazin.
“The brand executive board had agreed, among other things, to refrain for 2016 promotions,” it said, adding that the company also plans to re-use as many parts as possible when it builds its new generation of Golf models – a move it expects to save millions of euros.
It also said the company expects the total cost of dealing with the scandal to be in the region of €30bn (£21.6bn). VW was unavailable to comment on the report.
Last month, VW admitted to admitted using software designed to dodge emissions tests in its diesel vehicles, resulting in the resignation of former chief executive Martin Winkerton.
Across the world, an estimated 11m vehicles are fitted with the cheat engines, including 1.2m in the UK. Recalls are due to begin in January next year.
In order to limit the financial damage of the scandal, VW has also announced other cost-cutting measures over the last month, including a €1bn reduction in annual investment.