Pros
Safran is a very stable, government owned company. If you want a job that will always be there for you, then this is the place. Expectations are low, but along with the low risk from working for SAFRAN comes low reward. The salary is low and there is little room for improvement since this is throughout the different levels of management.
Cons
Being government owned has created a lazy work atmosphere. Working for Safran in Toulosue allows for no work life balance. All of the Cadre (management) are expected to work 12 hours a day (minimum) and most of the time is spent making other people do their work so that you cannot get your work done. The management style is something unique, extremely paternal where only one person can make decisions throughout the company. Since only one person can make the decisions, no one else would dare make one. So the effect is that you have a bunch of $100k guys making $1 decisions. This is contrary to management in the real world, but this is France and not the real world.