Pros: paycheck, good people still there that haven't left yet, safe, legalistic
Cons: benefits have slipped and are expensive, job security, bottom-line results oriented mgt -- not employee focused, try to do a million things at once rather than a few well
Pactiv use to be a fantastic place to work, and was a company I thought I would retire with. Unfortunately, sometimes things change for the worse, and in this case it did when the Rank Group (Reynolds/Graham Hart) bought the company.
The new Pacitv is DRAMATICALLY focused on money and profits! I do respect this, but the employees are not even mentioned – more... or referred to in the mission statement or vision statement. This is intentional and you will feel it in the company by the way you will be treated.
If you need a paycheck to pay the bills, then Pactiv will provide this for you. Do not expect anything else from them and you will be content. You will need to get your feeling of self-worth and appreciation elsewhere.
Turn-over (voluntary in addition to plant closures and layoffs) at this company has been extremely high (yes, even in this economy) in recent years, and that is a direct reflection of upper management (truthfully - it is probably their marching orders) and their lack of ability (or inability due to "marching orders") to treat employees "better". It really isn't that hard, but the general consensus was: 'they don't care [about us]".
You will find the company has a good focus on safety - not as good as it use to be, but still good (at least for now). Pactiv also does follow all (most) legal rules and is a straight-up company.
Pactiv is a very fast paced environment, they will demand A LOT from you. You will find that you will be asked to do a million things - and you will be unable to do any of them well (they will let you know that). This is a great weakness of this company - overloading employees, demanding long long working hours; rather than focusing on a few highly prioritized things, and doing the very very well, then moving on to the next priority on the list.
Truth is - life is great outside Pacitv --> Remember "Mikey" for Life Cereal (the commercial from the '70s) "try it, you'll like it!" – less