Pros
Job security. If you have the personality to detach yourself from your work and if you don't care about your performance then this is the place for you !.
Cons
Low salary (less than a post-doc!), with no hope of monetary increments for your hard work or overtime you do. This is not the place for people who are self-motivated, driven and determined because such efforts are not recognised. Though, according to the contract, the working hrs is ~37, it is impossible to conduct tasks in this time-frame. As such you end up working much more. A lot is asked of you, in order to be promoted for which you have to work extra and do various other projects. This place is good for 1-2 yrs but would be quite demoralising and demotivating beyond this.