Pros
Very stable, global corporation, widely recognized for being highly ethical. Well known for efficient manufacturing operations. Steady growth in revenues and share price for more than 110 years. Good people that are highly motivated. Interesting, high quality, high value products and services that save lives. Good wages and benefits.
Cons
Very political, process driven, extremely conservative and very bureaucratic organization with slow and frustrating processes and systems. Currently downsizing and outsourcing with frequent layoffs and constant pressure to reduce cost and improve operational effectiveness. Employees are directed to do more and more with fewer and fewer resources resulting in relatively low moral. Small exposed cubicles for most professional employees and a performance review system that does not reward risk takers. Moving to a central service model for HR and IT. Outsourcing IT and R&D services to India and the Asia Pacific Region.