Pros
Employee stock discount, pension. Excellent management that moves the company through a complex changing world. Financially strong and getting better. Ethically a great company. Strong future for their products.
Cons
Engineers don't stick around since the pay does not advance like other companies and promotions are hard to achieve at some sites. After 5-10 years, you will be 10-20k behind other companies for the same years of service. The company also has too many non local people that don't want to stick around for more than 2-4 years, so they leave. This nets on average a 80-90% loss of people by 5 years in the engineering roles. Bad health care network option and terrible coverage. Also a lack of respect for talent on the individual contributor side. Local management has no control over salaries and raises are often small .