Pros
The only positive are the people you work with on the operational floor who are at the bottom rung. They understand the work far better than anyone else.
Cons
Senior management is entirely there by virtue of their family connections or friendship. The MD is the founders daughter, and another director is the son of the founder - both woefully lacking any touch with the reality of how the business actually operates day to day and are easily beguiled by "new ideas" being good ideas. They won't hesitate to make you redundant - this is not part of the current wave of redundancy. They have a consistent track record of what is essentially constructive redundancy. You have very little chance of moving up in the business. The pay is awful.