Pros
Really flexible schedule and no need to work overtime. It lends itself to great work-life balance No deadlines, really easy work, no real need to be smart, proactive, or competitive. Standard benefits, good amount of vacation, really laid back job. For technicians is a great place to work focus on safety. Great place to work if you are not passionate, do not want to innovate, and want to slowly decay in a silo becoming irrelevant for the industry. Great place for underachievers, and lazy people. The inefficiency of production lends itself to big overtime opportunities.
Cons
No possibility to growth. Only "good old boys" get promoted. Must be part of a click in order to be consider for promotions or a different job. The company still operates with a dated structure with no chance of mobility. Top management doe snot believe in rotation, or using the talent instead relaying on "perceive" image of a employee to determine the worth of an employee. Upper management is sales based and does not understand engineering principles. It is more akin to used car sales lot than an engineering department. Young professionals are given menial tasks, and are not developed. There is no establish training paths, and managers only know how to put people in silos without being able to successfully make team work happen. Over-payed disgruntled legacy employees would not allow process improvement, and will beat you down with "that's how we always done it" slogan.