Roscor Corp. in Mt. Prospect lays off around 100 employees

Around 100 employees of Roscor Corp., a Mount Prospect-based media and information technology company, were laid off Friday, shrinking the company to one location with 35 workers.

Company President Paul Roston said Monday that Roscor has been struggling since it hit a peak in 2009, but dismissed rumors that the company is shutting down.

“Obviously there is a possibility that we may close completely, but that’s not our goal,” he said. “We are going through a restructuring.”

The nearly 40-year-old corporation is a provider of professional audio, video, multimedia and computer-based products and services, particularly for broadcast television, along with education and corporate communications. At one point it had offices in Wisconsin, Michigan, Ohio and Indonesia.

Roston said the layoffs are a result of the economy and shrinking profit margins, with prices at a point where they can’t sustain a business — particularly, he said, not a business like his own “that was invented and designed to sell $100 million worth of stuff a year.”

Recent changes in the communication industry, such as manufacturers selling directly to customers and a crowded market space of people selling the same products, have also hurt, Roston said.

In the coming months, Roston said, employees will focus on completing projects in-house and reinventing the company.