Pros
The pay is mediocre for hourly employees here. The benefits, if you take advantage of them, are fairly good; your standard medical/dental/vision, standard 401(k) matching, FSA, EAP, tuition reimbursement, and a smattering of less interesting things (we do get decent discounts on large appliances, from what I understand). There are GE sites all over the world, so if you have a destination in mind, it's possible to transfer within the company to almost anywhere if you can manage to get hired.
Cons
Interdepartmental communication is very bad. Improving it is discussed frequently, but nothing is ever done. There are many internal mechanisms for controlling and improving things, but if other sites are like this one, they are poorly implemented if at all. "Lean" is pushed heavily, which means departments operate on skeleton crews, and then additional employees are laid off to get the remaining employees to try and work even harder to keep up with deadlines and meet SLAs. The practice of opening jobs earmarked for specific employees and wasting everyone's time interviewing people for a job they have no hope of being hired for seems to be commonplace, so you need to make friends in high places if you want to get anywhere.