Pros
Good work / life balance
Most managers and employees are decent people trying to do their jobs well
Acceptable benefits and compensation
Cons
Inefficient, bureaucratic, averse to change, top-down management, low empowerment organization
Slowly declining sales and production volumes over long term
Frustrating place to work if you care
Mediocrity much too acceptable
Compartmentalize, keep your head down, make your personal indicators green, you will have a career as long as the company is around