Pros
The people, great group of people to work with. Good compensation but don't depend on raises and bonus to make up for anything. Laid back office culture that treats you like an adult. 1/2 day Summer Fridays were nice too (voluntarily work the hours spread out during the week) go home 1/2 day.
Cons
Where to begin with challenges...Well working in an environment of constant fear; the fact that this is "the week" you will lose your job. Employees do not feel they have a direct impact on the bonus. The bonus system is horrible in fact (more below). Raises are inconsistent. It's definitely an "old boy's network" so you are not going to move very far if at all. Management is constantly taking on some "new theory" to practice instead of actually working on what should be worked on. They actually add to the administrative process at GrafTech! Travel policy is a joke, no business class flying on long flights, no paid lunches when you travel!