Age management in the mining industry

Abstract

The article explores how the lifecycle of mining companies impacts staff turnover and the workforce, with a particular focus on the potential role of age management. Content analysis of several companies' internal and publicly available documents provided the necessary data, in particular with regard to the micro-environment of the company, some of which are under threat of bankruptcy. The findings suggest that the potential failure of such companies has a significant effect on staff turnover, requiring the implementation of an effective age management strategy to resolve the resulting problems. At the same time, and in parallel to the aforementioned, the current conflict in Ukraine is having a significant impact on the mining industry and state energy policies. Many (open-cast) mines were reopened or given a stay of execution, with all the implications this has. The article is limited by the fact that it lacks sufficient data on enough mining companies that are facing bankruptcy and have restructured on the basis of effective age management.