Pros
Hardly ever any layoffs. Little oversight from a share holder board (please check for ownership type information, you would be surprised). Company funded pension + 401k. So, there is little attrition. Good town for young families. Friendly with veterans and GEDs.
Cons
Low attrition makes nepotism very prevalent. Families work here for 2 or 3 generations. If you don't have high school friends here, you are at a disadvantage politically. Things move in glacier time. Education is seldomly critical. Ivy League types better not apply. Very risk averse. A lot of people show up for retirement rather than work. Once you come here for 2 or 3 years, you may find you become un-marketable out there. So, if you will come here, make sure you try extra hard to stay up to date about the outside market trends.