Unfortunately, they have become cash strapped, and so a hiring freeze is in place. This has led to extremely long work days, including nights and weekends on a regular basis. Pay and benefits are far below average.
You earn 3 weeks of vacation per year, but your sick time comes out of this. And the workload is such that there's no chance to think about when you would like to take some vacation.
They instituted a stricter vacation carry-over policy this year, which led to a substantial portion of the company booking vacation at the end of the year. Clear evidence that no one has time to think about vacation until forced to.
There's no chance of advancement, because that would mean an increase in your salary, which they don't have the money for.