Pros
The company still provides a pension; employees in favored positions are treated fairly well. Despite the company coming very close to bankruptcy on Wednesday, September 17, 2008, it appears to be stable with the potential to grow.
Cons
Greed is the motivator for senior management. They will pay and treat employees as well as they have to and still pocket huge amounts of money for incredibly incompetent leadership. There is no union and employees have suffered greatly due to no protection. Human Resource-type positions are considered necessary evils and employees in those areas in particular are considered completely expendable. With unemployment so high now, the company's attitude toward employees these days is "You are lucky to have a job when so many don't; if you don't like the way we treat you, you can leave."