Pros
The pension is superb. The more modern facilities are pleasant.
Cons
Staff are purely a resource against headcount - no merit is given to individual skills or talent. The entire product development system is flawed but the management structure (and subsequent bonuses) actively discourage management responsibility or preemptive problem solving, so blame is shifted downward to the working level who end up scapegoated to deflect from the fundamental problems. All direction is top-down with the expectation that everyone aligns to it, so raising legitimate issues to resolve in a timely fashion marks people out as 'troublemakers'. As a result issues are swept under the rug or palmed off. All of this has resulted in a supremely demotivated workforce, and a management structure who don't seem to care. Firefighting and reactive last-minute change is the business norm, and as a result large numbers of staff are off sick with stress or simply leave the business. Engineering staff have virtually no interaction with the products they develop.