Pros
Bottom line - having a job in this economy is great. Projects are interesting and fun to work on.If you like what you are doing, good for you.
Cons
1. No advancement opportunities. 2. No training opportunities. 3. Benefits suck - only 15 days vacation in the 1st 10 years, health insurance is bad. 4. Salaries are really low compared to similar positions in other companies. Complain about that and they will change your title position to justify the low salary. Or even worse, they will outsource you. 5. No respects for their employee. They expect you to do a very good job but instead they don't promote, motivate you. The morale is down to the ground. 6. Too many ad-hoc rules to follow, the whole process in company is extremely bureaucratic - you can kiss goodbye the productivity and creativity.