Volkswagen reportedly won’t give promotions to any managers next year due to diesel scandal

Volkswagen’s massive diesel emissions scandal isn’t just an embarrassment for the company: by many estimates, it’s also going to cost it tens of billions of dollars in fines, lawsuits, and recalls. So the company needs to find ways to cut back spending — and it’s turning to its employees to make up some of that extra cash.

Employees in managerial positions shouldn’t expect any raises next year, according to a report from German business magazine Manager Magazin. Sources tell the outlet that promotions for managers at Volkswagen will be frozen for all of next year.

The company is finding other ways to save, too. According to the report, Volkswagen is modifying its plans for the next version of its extremely popular Golf. The Mk8 will…

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