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Ring about second young lady's redundancy (9)

Ross

I believe the answer is:

dismissal

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'redundancy' is the definition.
The definition and answer can be both acts as well as being singular nouns.
Maybe you can see a link between them that I can't see?

'ring about second young lady's' is the wordplay.
'ring' becomes 'dial' (I've seen this before).
'about' indicates putting letters inside.
'second' becomes 's' (common abbreviation).
'young lady' becomes 'miss' (term of address for a young woman).
's'+'miss'='smiss'
'dial' enclosing 'smiss' is 'DISMISSAL'.

Can you help me to learn more?

(Other definitions for dismissal that I've seen before include "sending off" , "job loss?" , "sack" , "Termination of employment" , "Release - marching orders!" .)

I've seen this clue in The Telegraph.
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