Pros
Family-owned company, which allows for longer-term strategic planning. Complex, interesting, and custom-designed products leads to solid employee retention. International company allows for global relationship building and travel opportunities. Transparent and ethical approach with customers - strong focus on "Voith Values". Plenty of collaboration and openness to new technical ideas.
Cons
Several of the offices are in less-than-desireable locations, making it tougher to attract top-end talent. This, along with the complicated product, makes it difficult to "trim the fat" so to say. Can be slow to adopt change, conservative in risk assessments, and heavy on markups. Traditional approach to HR and employee handling...they feel fair, but not exactly bringing unique value to me as an employee. General feeling that Germans are given preferential treatment, particularly the farther up the organizational ladder you look.