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Previous studies on decline concentrate on companies in developed countries. However, the trajectory of organizational decline in Brazilian companies has a different reality and many questions have still not been adequately explored and answered. This study aims to investigate how Brazilian companies dealt with organizational decline, through a multicase study of companies in the textile sector, during the post-protectionism period. The results show that the crisis faced by these companies due to the process of economic openness is related to the fragility of the protected and outdated textile sector; the external causes of decline outlined the internal weaknesses, and these companies have adopted operational actions and strategies to deal with the decline. This study shows that it is possible to develop studies on decline through the analysis of the decisions and actions of the companies over time. Moreover, it is important to consider studies on decision-making for a better understanding of this topic. Finally, this study contributes valuable information for managers with regard to the causes of decline in companies to enable effective decision-making in times of decline.
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