Age management in the mining industry

Michaela Procházková, Marek Vochozka, Zdeněk Caha

Age management in the mining industry

Číslo: 4/2022
Periodikum: Acta Montanistica Slovaca
DOI: 10.46544/AMS.v27i4.16

Klíčová slova: Mining companies, corporate lifecycle, workforce, age management, restructuring

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Anotace: 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.