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Basically, as long as the company does not encounter a financial crisis, you will not be laid off. No matter how poorly you perform or how much you slack off, you can stay until retirement.
The salary is much lower than that of other companies in the same industry, and it never gets adjusted. Unless you are exceptionally capable, there is little chance of getting a raise.
People who work seriously will work themselves to death because many people slack off and do not do their jobs. If you are too conscientious, all of their work will become yours.
If you stay too long, you will sink into the same state as those long-timers, making it difficult to find a job elsewhere in the future.