In this paper the control of oscillations in the two-rotor vibration unit is studied. It is assumed that the velocity of the oscillation of the platform cannot be accurately measured. The time-varying observer is proposed to restore it. In order to guarantee stability of the frequency and amplitude of oscillations of the vibrating parts of a two-rotor vibration unit special control algorithms based on speed-gradient methodology. Simulation results confirm stability of the synchronous rotation modes of the unbalanced rotors of the vibration unit.